Regulators Pressed to Complete Basel III Rules
According to a recent Reuters article, Bank of England (BoE) Deputy Governor Sam Woods has urged the Basel Committee of Banking Supervisors to reach agreement when they meet next week to complete the rules for banks capital requirements under the terms of Basel III.

The deputy governor's urging comes amid comments that appetite for far-reaching reform is waning. Both European and U.S. regulators continue to disagree on the use of banks' own risk models.

"Whether or not we can get that deal agreed will be a very important signal about whether we can continue to develop and maintain international standards," Woods explained.

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