Basel Committee assesses progress towards new capital rules

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Europe is leading the way in implementing the new Basel III regulations as the first deadline for convergence to the higher bank capital requirements nears.

A progress report published by the Basel Committee on Banking Supervision on Tuesday outlines the progress of member countries in adopting Basel II, Basel 2.5 and Basel III. The report is one element of the committee's comprehensive framework to monitor and review its members' implementation of the Basel regulatory capital framework, which w

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