FRANKFURT (MNI) – The Basel Committee on Banking Supervision made
significant progress at its most recent meeting and “remains fully on
track” to deliver capital and liquidity reforms in time for the November
2010 meeting of the G20 in Seoul, South Korea, committee chairman Nout
Wellink said Friday.
“The Committee made significant progress at its meeting [held July
14-15] and remains fully on track to deliver a complete package of
capital and liquidity reforms, including design and calibration, in time
for the November 2010 G20 Leaders Summit in Seoul,” Wellink said in a
press release issued by the Bank for International Settlements.
Wellink also heads the Dutch National Bank, and is a member of the
European Central Bank’s Governing Council.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
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