Central Banking

US congress raises doubts over Basel II

The prospect that the US Congress would block ratification of the new accord seems to have increased following a letter from the house committee on financial services which has been scrutinising the accord.

The letter, sent on November 3 from committee chairman Michael Oxley and others to the four US regulators involved in the Basel negotiations, includes a list of complaints about the revised Basel II proposal. It also suggests that US regulators may be exceeding their powers in the negotia

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: