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Big Banks And Regulators Poised To Miss Key Financial Reform Deadlines

By Pat Garofalo on November 6, 2012 at 12:30 pm

"Big Banks And Regulators Poised To Miss Key Financial Reform Deadlines"


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The world’s biggest banks have been given an extra six months to finish their so-called “living wills” by global regulators due to “uneven headway,” Reuters reported. The wills are to be used in the event a bank needs to be dismantled, giving regulators key information that they lacked during the 2008 financial crisis. U.S. and European regulators are also “set to miss a January deadline to implement new bank capital rules – known as Basel III, the G20′s main response to the financial crisis.”

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