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Email News Service May 08: America able to absorb lessons for Basel II, says Fed’s Bernanke

Simon Turmaine | May 14, 2008

CHICAGO, Illinois, May 15 (Global Risk Regulator) – America’s relatively lengthy transition to the controversial Basel II bank safety rules will allow more opportunity to absorb the lessons of current financial turmoil and to make necessary adjustments to the framework, US Federal Reserve Board of Governors chairman Ben Bernanke said today.

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