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EU May Delay Basel Bank Rules

Deadline for tougher bank-capital rules may be pushed back by up to a year.

By Jim Brunsden, Bloomberg | Updated on October 11, 2012

The European Union may push back the deadline for applying tougher Basel bank-capital rules for as long as a year after warnings from lenders that pressing ahead with the original timetable may drive up their costs, according to three people familiar with the talks.

EU lawmakers and officials, facing a Jan. 1 international deadline for incorporating the rules into law, held the latest in a series of meetings today on how the bloc should implement the Basel measures, said the people, who declined to be identified because the negotiations are private.

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