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Pessimism overrides Coen’s optimism on ‘Basel IV’ finalisation

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The Basel Committee’s William Coen said in a speech on Thursday that he was hopeful that the Basel III post-crisis reforms could be finalised in the ‘near future’, but capital markets participants have grown weary of hearing that progress is just around the corner. They still expect to be waiting for some time before any agreement can be reached on calibrating capital floors.

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