Europe won't meet January deadline for Basel III

12/18/2012 | Reuters · Bloomberg

EU talks on steeper capital rules for banks were postponed Tuesday, ensuring that Europe will not meet a January implementation deadline. The cancellation came after indications that accord was imminent. Meanwhile, central bankers and regulators worldwide are set to gather in January in Switzerland to resolve differences over liquidity rules as they attempt to hammer out a complete Basel III accord, sources say.

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Reuters · Bloomberg

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