By PAUL O’DONOGHUE, Senior Correspondent
GLOBAL banks have warned that fragmented rules could increase compliance costs, as many national watchdogs look to ease regulations for lenders.
The Institute of International Finance (IIF), which represents about 400 banks, insurers and asset managers, will call for a global review of financial regulation and supervision. It wants the Basel Committee on Banking Supervision and the Financial Stability Board to lead the work.
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