Extra year for the new Basel plans

ARTICLE - The Economist magazine in London published an article in its 30 June edition suggesting that the postponement of the new Basel capital accord was a relief, but not a surprise.

Bank regulators get an extra year to complete a new regime

THE Basel committee of rich-country bank supervisors this week said it would take an extra year to prepare its ambitious new plans for bank capital. Relief? Yes. Surprise? No.

The new plans redraw the way the world's biggest banks would be supervised. At

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