Tuesday, July 17, 2007

UPDATE 2-Senators urge US agencies to finalize Basel II

(Reuters) - WASHINGTON, July 17 - The top Democrat and
Republican on the Senate Banking Committee urged federal
banking regulators on Tuesday to finalize rules for U.S. bank
capital adequacy levels under the international Basel II
framework.




"We both believe strongly that the decisions you take in
the next few days will have a significant impact on both the
safety and soundness and the competitiveness of the U.S.
financial system," Connecticut Democrat Christopher Dodd, the
committee's chairman, said in a letter.


Read more at Reuters.com Government Filings News

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