Industry prepares to fight Basel II changes

BASEL – With the Basel Committee on Banking Supervision just 10 days away from finalising its controversial package of reforms to the Basel II framework, bankers are preparing to fight back against measures they believe could make unrealistic capital demands at a time when the economy is still struggling.

The committee is due to meet on December 8-9 to review and sign off on proposals for a leverage ratio, a countercyclical capital buffer, two liquidity management ratios and new definitions for

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