(May 25) Global regulators are confident they will soon finalize a deal to revamp the contentious bank capital standards known as Basel III.
William Coen, secretary general of the Basel Committee on Banking Supervision - who warned of the 'dark side' of long transitions - said in London
that negotiators are moving forward with restrictions, one of which would
ensure that big banks don't understate risks. European and Japanese regulators oppose this 'output floor' on risk, which they claim would punish their banks. The U.S. has been the floor's most vocal defender.