EU capital rules remain on tight schedule
BRUSSELS – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue in November of an EU progress report is a positive step, officials at European banking organisations said.
Some European bankers fear that major European banks could be put a competitive disadvantage to North American, Japanese and Swiss rivals if the timetable for new EU capital adequacy lags far behind the Basel II schedule.
The officials were commenting
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