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Regions / Americas

Email news Service June 2006 : Washington regulators unite to win backing for Basel II

Staff | February 22, 2007

LONDON, June 12 (Global Risk Regulator) -- Top Washington bank regulators have begun pitching hard to win public support for the adoption of the new Basel capital adequacy rules in the US. John Dugan, the new head of the Office of the Comptroller of the Currency (OCC), an agency that has often been critical of the internationally-negotiated new rules to bolster bank safety (Basel II), gave strong backing to US implementation at a dinner for bankers in London on Wednesday evening.

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