The European Union’s possible abandonment of a linchpin of global capital reforms in a bid to help its lenders compete with Wall Street would be a “disaster,” according to the recently departed head of the Basel Committee on Banking Supervision.
The European Union’s possible abandonment of a linchpin of global capital reforms in a bid to help its lenders compete with Wall Street would be a “disaster,” according to the recently departed head of the Basel Committee on Banking Supervision.
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