News Headline Summary

German finance minister Schaeuble says expects US to stand by political decision to introduce Basel III rules

Says:
- Confident details on Basel III can be completed in course of 2013 in Europe.

Update details:

- Only 11 of the 27 countries subject to the new rules met the January 1st deadline with the EU and US among those not having met the deadline, however the US have issued draft regulations and said they are working towards issuing final versions as quickly as possible.

Print 14:09, 03 Jan 2013 - Global Equities - Source: Newswires