Uniform banking rules crucial: Norway's Gjedrem

All global supervisory authorities must take a uniform approach to regulating banks, said Svein Gjedrem, the governor of the Norges Bank.

Gjedrem said that there had been some competition between countries to establish national financial centres and that national supervisory authorities tended to be reluctant to impose stringent requirements on the banking sector. He said that it was important to avoid slippage in the rules towards an agreed minimum level that was too low.

He said that it was

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