Resources for Basel II Capital Accord (Basel II)

FDIC's Bair seen on target with bank accord

www.reuters.com

Credit market turmoil and the subprime mortgage crisis have vindicated the chairman of the U.S. Federal Deposit Insurance Corp, who was seen as holding up an international capital adequacy plan on concerns it would not properly cushion U.S. banks against financial shocks.

In June, a few key senators complained that regulators were putting the biggest U.S. banks at an international competitive disadvantage by failing to reach an agreement on the much-delayed Basel II plan.

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