Resources for Basel II Capital Accord (Basel II)
Bankers discuss regulatory rules
www.ft.com US and European banking chiefs will converge today on Basel for a behind-the-scenes meeting with central bankers and regulators to discuss the post-crisis regulatory framework.The gathering, hosted by the Bank for International Settlements, is expected to see the attendance of John Mack, Morgan Stanley chief executive, Sir Win Bischoff, Citigroup chairman, and Brady Dougan, Crédit Suisse chief. Other leading European institutions, including UBS and Deutsche Bank, are expected to be represented.The presence of heavy hitters underlines the financial industry's desire to shape the regulatory framework that will govern the sector once the current turmoil abates. "It is important to be at the negotiating table well before decisions are made. We need to make our voice heard," a senior Wall Street executive said.
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