Buba's Meister regrets US delay on Basel II

A European Central Bank official responsible for bank oversight, Bundesbank board member Edgar Meister, said Wednesday 5 October that the delay in implementing parts of Basel II in the US was regrettable.

"I'd have welcomed it if the implementation of Basel II in the U.S. was at the same time as in Europe and other parts of the world, in line with agreements up to now," said Meister, who chairs the ECB's Banking Supervision Committee, in a speech to a Frankfurt banking conference.

Meister also