Post by squeezebox on Aug 6, 2010 13:52:21 GMT -5
Was just at the bank speaking with the bank prez about other stuff and decided to ask him about AUG 9, treasury notes and basel III. He asked me what Basel was? He said he had never heard of any treasury notes and knew of no new banking regs coming.
what I have found is a bunch of articles like this one, which make it sound like Basel III compliance will never happen. Notice that crock scumbag Gietner the duche says that the US will basically fight it. what a coksucker he is!
With the crisis in the eurozone adding to pressure on banks, France and Germany have been pushing for a window of up to 10 years before the Basel III rules are fully effective. The ECB has said that Europe's banks will need to renew €800bn in equity that matures by the end of 2012.
Tim Geithner, the US treasury secretary has made it clear that Washington is prepared to be flexible about the timing of new capital rules. "It is perfectly reasonable to use transition periods to make it easier for countries to adjust to what we believe should be substantially a more demanding, more ambitious set of constraints on leverage," Geithner said.
www.guardian.co.uk/world/2010/jun/04/financial-crisis-basel-bank-curbs-delay
what I have found is a bunch of articles like this one, which make it sound like Basel III compliance will never happen. Notice that crock scumbag Gietner the duche says that the US will basically fight it. what a coksucker he is!
With the crisis in the eurozone adding to pressure on banks, France and Germany have been pushing for a window of up to 10 years before the Basel III rules are fully effective. The ECB has said that Europe's banks will need to renew €800bn in equity that matures by the end of 2012.
Tim Geithner, the US treasury secretary has made it clear that Washington is prepared to be flexible about the timing of new capital rules. "It is perfectly reasonable to use transition periods to make it easier for countries to adjust to what we believe should be substantially a more demanding, more ambitious set of constraints on leverage," Geithner said.
www.guardian.co.uk/world/2010/jun/04/financial-crisis-basel-bank-curbs-delay