Most countries set to miss Basel III deadline

Photo by David Lundberg

Most countries around the world look set to miss the January 1, 2013 deadline to implement the new Basel III capital accord, the set of bank capital rules designed by G-20 countries in the aftermath of the global financial crisis to improve international regulation of financial institutions.

The latest progress report on Basel III implementation, published by the Basel Committee on Banking Supervision today (October 8), shows no country has yet managed to implement final rules, while two –

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