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IIF Meeting - Viennese outcry against Basel

Published: June 10, 2010; 00:00 · (Vindobona)

At its meeting in Vienna on Thursday, the World Bank Association IIF (Institute of International Finance) presented a study on the impact of stricter banking regulations.

The verdict: Comprehensive reforms in the financial sector are good and important. But according to IIF a disaster is imminent if the 20 largest industrialized nations (G-20) do not waive the planned tightening of banking rules.

Specifically, participants discussed the proposals of Association Basel Committee. At the end of 2009 the Basel group supplied a reform proposal, in…

This article includes a total of 328 words.

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