The article reports the move by lawyers in the U.S. to analyze the impending challenges to the proposed Basel IV standard on capital reserves for banks. According to law firm Davis Polk & Wardwell partner Luigi De Ghenghi, the effect of the directive will vary by bank. Also cited are comments from lawyer Richard Farley of Kramer Levin Naftalis & Frankel and Jaime Senior Fernández of Headrick Rizik Alvarez & Fernández on the proposed standard.
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