European timetable threatened by CP3 delay
The European Union's timetable for bringing new risk-based bank capital adequacy rules into effect is in jeopardy following the decision of global banking regulators to delay publication of a key consultative paper.
European parliamentary elections due in June 2004 threaten the EU's delicately balanced timetable. The EU planned to have its new rules in place around the time in 2005 that the Basle Committee on Banking Supervision, the body
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