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EU deviating from global bank rules: Basel

The banking regulators rebuke the EU for failing to properly implement capital rules, including some used to back swaps trading that are intended to avert another financial crisis

Brussels

GLOBAL banking regulators rebuked the European Union for failing to properly implement capital rules, including some used to back swaps trading, that are intended to avert another financial crisis.

The Basel Committee on Banking Supervision said that EU legislation to