New global banks' rules could be delayed

Wim Duisenberg, ECB president, said on Wednesday "It could be that it would come in the course of or maybe toward the end of 2007." His remarks were the first by a central banker admitting that serious delays to Basel II were likely.

Source: Financial Times

Attempts to make the international financial system more stable suffered a severe setback on Wednesday when the European Central Bank admitted the plans by regulators could be delayed by a year.

The original timetable to implement new mini

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