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| Othmar Karas MEP EU Commission |
It seems as if Basel III is getting serious opposition by members of the EU commission in Othmar Karas. They are starting to realize the liquidity quotas cannot contain only sovereign bonds.
In the US they have realized Basel III cannot be implemented in all banks, instead only the largest, showing understanding it is not the best construct.
Us corporates shall be very content and feel the support. Thanks Othmar et al.
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