Bundesbank joins Frankfurt regulator to slow Basel

Germany's central bank and banking regulator are joining forces in an effort to slow consideration of the new Basel Capital Accord, or Basel II, which aims to modernize the way banks globally account for risk.

Neither is looking to derail the accord, however. Rather, they feel that the consultation period for the 500-page document doesn't allow enough time to examine key concerns, said Edgar Meister, a member of the Bundesbank.

The consultation period is scheduled to run until the end of May 20