Basel II delay could help EU
A further delay in the coming-into-effect of the Basel II banking accord to 2006 might take the pressure off the European Union’s attempts to co-ordinate the timing of its own new banking rules, some political analysts said in late February.
The European Commission, the EU’s regulatory body, wants to apply Cad 3 to all banks and investment firms in the 15-nation EU from the same time as Basel II comes into force. The timing of Basel II is again under threat, with many bankers and regulators expecting the start
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