A showdown looms over bank-capital rules

Article source
The Economist

They lack the magic of “Harry Potter” and provoke even less laughter than “Police Academy”, but the sequels keep coming. In Santiago on November 28th and 29th the committee of central bankers and supervisors from nearly 30 countries that draws up global bank-capital standards is due to thrash out revisions to Basel 3, the version agreed on after the financial crisis of 2008. European (and some Asian) bankers and officials fear additional capital requirements are coming; Americans are all for the changes. Stand by for a standoff in Chile. Please click here to continue reading the article.