Rudi Bonte, a former member of the Basel Committee on Banking Supervision, said Europe's sovereign-debt crisis raises concerns about international commitment to the panel's capital and liquidity rules. "In our meetings last year, we were all committed to deliver and to go ahead [with Basel III]," Bonte said. "Now, with the impact of the crisis in different countries ... there is a risk the commitment is not what it was, and that people are saying, 'OK, the crisis is almost over and it's still difficult, and we have to make sure we can sustain the economy and credit activity in our countries, so perhaps we shouldn't make it too painful for banks to digest all these difficult and complex requirements.' "

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