zerohedge.com / by Tyler Durden / Sep 15, 2016 4:57 PM
European and Japanese banking officials are reportedly enraged that the (US-backed) world’s top banking regulator would dare to demand banks hold higher levels of capital to meet credit, market and operational risks. These rules are not new, of course, but the bankers, used to getting their own way reportedly demanded in two heated meetings this week that The Basel Committee ‘scale back; the rules to ensure the rules have no “particularly negative consequences for specific regions,” such as Europe.
As Bloomberg reports,
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