FRANKFURT (Reuters) - A top European Central Bank supervisor said on Monday she was confident that new global banking rules will be agreed by the end of the year after yet another delay at the weekend in their decade-long preparation.
"I hope that the latest package of global banking standards - Basel III - will be completed this year," Sabine Lautenschlaeger, the ECB's board member in charge of bank supervision said in Washington.
"And I am still confident that this will be the case."
Lautenschlaeger expressed worry, however, that "some financial centres might not implement significant parts of the agreed framework".
(Reporting By Francesco Canepa; Editing by Robin Pomeroy)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
