Business leaders attack bank capital plans

Article reports that business leaders in France and Germany were sounding the alarm in June 2010 over Basel Committee on Banking Supervision plans to force banks to hold more capital to cover risk-taking, saying the proposed new rules would be 'catastrophic' for the financing of European companies.

ESO: Background information: Leaning lenders http://www.europeansources.info/record/leaning-lenders/

Website: Bank for International Settlements (BIS) http://www.bis.org/

Basel iii Compliance Professionals Association (BiiiCPA): The Basel iii Accord http://www.basel-iii-accord.com/

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