Basel Committee hits turbulence on approach to year-end deadline

Industry and some governments express alarm ahead of final rules

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The Bank for International Settlements

The Bank for International Settlements' Basel Committee on Banking Supervision is facing fresh resistance to its plans as it closes in on its year-end target for finalising the Basel III capital standards.

Although the committee stresses its final rules will not be a radical departure from the original shape of Basel III, banks have started referring to the changes as Basel IV, accusing standard-setters of introducing higher capital standards via the back door.

A major battleground has been the

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