The Basel committee said in an Oct.1 review of implementation standard for Europe, the U.S. and Japan that it had identified "gaps" in the U.S. and European Union draft implementing measures for Basel III standards.

Ron D'Vari, CEO and co-founder of NewOak Capital, said in a press release today that the Basel Committee review will likely lead not only to greater capital requirements but increased disclosure and transparency requirements as well. These are likely to impact liquidity requirements. 

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