European Union Basel II/Cad 3 timetable remains tight

BRUSSELS - The European Commission's plans to apply risk-based protective capital rules to banks in the European Union (EU) remain on a tight schedule following the progress made on the Basel II bank accord by global banking regulators, a Commission spokesman said.

The Commission welcomed the significant progress made with the accord in July by the Basel Committee on Banking Supervision, the architect of Basel II and the body of banking supervisors from the world's leading economies that in

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