Fed's Ferguson- Basel II accord not 'set in stone'

Basel II is not set in stone said Roger Ferguson of the Federal Reserve on Wednesday, even thoughth a third consultation paper summarizing the proposals expected to be released in early May.

Source: Reuters

Federal Reserve vice chairman Roger Ferguson on Wednesday said the final form of an international accord on banking regulation standards, Basel II, has not been finalized, even as U.S. regulators prepare to seek public input this summer.

"Some believe that with the issuance of (a third

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