Basel Capital Revamp Endorsed Without Assurance Sought by EU

Updated on
  • Regulator’s oversight body endorses ‘broad direction’ of work
  • Basel aims to finish capital framework revision this year

The central bank governors overseeing the Basel Committee on Banking Supervision backed the “broad direction” of the regulator’s bank capital-rule revamp, while stopping short of providing assurances sought by Europe on the overhaul’s impact.

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