Financial Times FT.com

Insight: Testing times for regulators

By Paul J Davies

Published: July 24 2008 16:06 | Last updated: July 24 2008 16:06

The guardians of global banking standards this week proved the pessimists’ old adage that for every silver lining there is a cloud.

Amid the surprising and at times spectacular rally in global financial stocks, some of the world’s most powerful standards setters released with no fanfare a proposal that could put a serious squeeze on parts of the industry.

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