France, Germany Will Implement Basel III

German Finance Minister Wolfgang Schaeuble says Germany and France will not seek to relax Basel III rules on bank capitalization, as reported by the Financial Times.

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Earlier on Monday, the Financial Times reported that the two countries would call for a relaxation of bank capital rules to stop lending to the real economy from being stifled and that they would delay to the deadline to disclose leverage ratios by three years.

“What we are trying to do is implement Basel III,” Schaeuble told journalists in Paris.

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