Daily News: October 30, 2012

WSJ: G-20 Urged to Get Tough With EU, U.S. on Banks


The Wall Street Journal reported that global banking regulators urged the G-20 to call the U.S. and EU to account for shortcomings in their implementation of new rules aimed at making the financial system safer.

The WSJ said that in a report commissioned for next week’s meeting of G-20 finance ministers and central bank governors in Mexico City, the Basel Committee stressed the need for the accords on bank capital and liquidity to be implemented consistently across the world, and in line with the timetable agreed by the G-20.

To read the full WSJ article, click here.