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Global Regulators Meet to Wrap Up Basel III: The Main Issues

  • Draghi, Ingves will speak to the press in Frankfurt at 5 p.m.
  • Work on the capital framework began in response to the crisis
The headquarters of the Bank for International Settlements (BIS) in Basel, Switzerland

The headquarters of the Bank for International Settlements (BIS) in Basel, Switzerland

Photographer: Bloomberg/Bloomberg

Global bank regulators convene on Thursday to close the book on Basel III, a sweeping set of capital rules begun in the aftermath of the financial crisis.

At 5 p.m. in Frankfurt, European Central Bank President Mario Draghi, who heads the oversight body of the Basel Committee on Banking Supervision, and the regulator’s chairman, Riksbank Governor Stefan Ingves, will reveal the outcome of the meeting. While a last-minute hiccup can’t be ruled out, people familiar with the talks expect a deal to be reached on the last pieces of the framework.