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Changes needed for Basel III: EU official

Commissioner Valdis Dombrovskis tells banking conference Europe draws line at significant capital hike

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MR DOMBROVSKIS: He has called for capital requirements to be calibrated, a key European request

Brussels

A PLANNED reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be changed, the EU financial services commissioner said on Thursday.

The Basel Committee, a body of

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