Friday, July 20, 2007

UPDATE 2-US regulators agree on Basel II bank plan

(Reuters) - WASHINGTON, July 20 - U.S. regulators said on
Friday they agreed on a capital adequacy plan for the biggest
American banks under the international Basel II framework,
following weeks of mounting pressure from lawmakers and banks.




The Basel II pact aims to ensure that banks worldwide meet
similar requirements for matching their capital reserves to the
risks they face.


Read more at Reuters.com Government Filings News

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