Coen seeks to quell European fears on Basel III
European parliament members accuse Basel Committee of favouring US over European banks
Basel Committee secretary-general William Coen today (October 12) sought to deflect European criticism of adjustments to the Basel III framework that are due to be finalised by the end of the year.
Appearing for the first time in front of the European Parliament's Econ committee, Coen sought to reassure parliamentarians that the approach was transparent, collaborative and did not favour any one jurisdiction over any others.
Pervenche Berès, a French MEP, suggested the Basel rules appeared to
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