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SANTIAGO (Reuters) - The Basel Committee, which sets the standard for global banking regulation, made "great progress" in meetings on Monday and Tuesday in Chile, said William Coen, the committee's secretary general.
The financial watchdogs are gathered to try to finalise global rules on bank capital, the so-called Basel III.
"We've made really great progress these last couple of days," Coen told Reuters on the sidelines of a meeting in Santiago.
(Reporting by Anthony Esposito; Writing by Rosalba O'Brien; Editing by Peter Cooney)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)