Bankers push for changes to proposed Basel III regulations

07/13/2010 | Reuters

The Basel Committee on Banking Supervision meets this week in Switzerland to work toward finalising Basel III rules, which focus on banks' capital and liquidity. Top bankers voiced concerns about the proposed rules. "Governments and regulators need to calibrate carefully the various reform measures ... it will take time for many banks to adapt to the new era," said Stephen Green, chairman of HSBC. "Basel III has the unintended consequences of making trade finance more capital intensive for banks."

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