Wednesday, November 28, 2012

Don't delay new bank rules too long, Asia urges Europe

......"The fact is that the U.S. and euro zone are the most important regions where Basel III should have been implemented," Anand Sinha, Deputy Governor of the Reserve Bank of India, told a Thomson Reuters Pan-Asian regulatory summit in Hong Kong. "It would have been very helpful, even if there is a delay, if the U.S. and euro zone could have indicated a definite timeline, that is not there."......

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