Then read, in today's FT, the piece titled: "Basel III break for banks in EU". Apparently the draft agreement offers an insurance loophole that ‘violates the global pact’
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http://link.ft.com/r/6NPSBB/D4MERX/CRIC/40HIMN/26H5A5/KI/t?a1=2011&a2=5&a3=27
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Thursday, May 26, 2011
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