Basel Chief Stresses Cross-Border Consistency to EU.

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      The article reports that Secretary General William Coen, head of the international Basel Committee on Banking Supervision, told European lawmakers on October 12, 2016 the importance of global consistency in banking standards. Topics include Coen sharing at the European Parliament that the committee is working diligently to consider concerns about the breadth and cost of the final rules. Also mentioned are Coen's remarks coming amid tension between the European Union and the Basel Committee.