US bank regulators differ on international rules

Roger Ferguson has supported Basel II saying we have no alternative but to adopt the accord as soon as possible. But the rules were described as being too complex and rigid for what is needed at the same hearing by the Comptroller of the Currency John Hawke.

Source: Reuters

Federal Reserve Board Vice Chairman Roger Ferguson on Thursday backed a proposed revision of global bank capital standards, but other U.S. bank regulators and lawmakers were less enthusiastic.

Ferguson, speaking to a House of