Financial Reform: Bankers Warn That Global Rules Could Slow Recovery

12/11/2010 05:12 am ET | Updated May 25, 2011

(Reuters) - A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, international bankers warned at a conference on Sunday.

Amid mounting currency tensions and talk of new surcharges on the industry, some of the world's top bankers appealed for a gradual approach to implementing the Basel III accord on capital and other banking reforms.

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