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The Basel Committee is known for many things, but sticking to deadlines is not one of them. The next deadline that it may not meet is that of making final revisions to the Basel III framework by the end of this year, as demanded by the G20.
And given the degree of division and dispute that some of those revisions – dubbed ‘Basel IV’ by the banking industry in protest at the level of change being proposed – have provoked, the likelihood of this deadline being fully met is also fading by the day.
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