ECB ‘optimistic’ on global deal on bank rules

Regulators

at the European Central Bank said yesterday they are “optimistic” that talks on harmonising rules for banks around the world will soon end in a deal. The so-called “Basel III” round of banking talks has stalled in recent months as negotiators battle over questions like how big banks’ capital reserves should be and how they should judge risk.

“I’m optimistic and positive” that a deal will soon be reached, top ECB regulator Sabine Lautenschlaeger said at a Frankfurt press conference. (AFP)