Split over Iraq may hit new Basel bank rules

A report suggests the new Basel 2 rules update may suffer damage from the transatlantic war split and signs exist of a loss of patience with the long drawn out discussions. The result could be a degrading of the accord, the report says.

Source: Financial Times

Reregulating the global banking industry may seem a world away from the Iraq crisis. But there are fears that ambitious plans - known as Basle 2 - to update rules for the capital adequacy of internationally active banks could suffer colla