Published December 13, 2012
LONDON – European Union states and the European Parliament have failed to reach a deal on a law to phase in tougher bank capital rules from a globally-agreed January deadline, a parliamentary spokeswoman said on Thursday.
"There is no deal," the spokeswoman said after negotiations between the two sides ended in Strasbourg, France.
They have agreed to meet again on Tuesday in a fresh bid to settle the remaining points of disagreement, she added.
World leaders agreed in 2010 that the so-called Basel III bank capital rules should be phased in from January, their core regulatory response to the 2007-09 financial crisis to make lenders safer.
(Reporting by Huw Jones)