UK expects EU countries to reopen Basel II arguments
LONDON – UK regulators expect that other European Union (EU) countries will try to reopen Basel II bank accord discussions within the EU framework, a senior UK supervisor said yesterday.
The UK supports the carrying over of Basel II into draft EU laws and has encouraged the EU to adopt a straightforward transposition wherever possible, Clive Briault, director of prudential standards at the UK Financial Services Authority (FSA), said.
Briault’s remarks were
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