Several major banks are calling for the Basel 3 rules to be changed, warning the current requirements risk severely hampering world trade. Banks including Royal Bank of Scotland, Standard Chartered and HSBC say the Basel 3 rules as they apply to trade finance are unfair, the Financial Times reports. RBS chief executive Stephen Hester indicated last week that RBS was lobbying for rules to be changed when it comes to trade finance.

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NAR bans “pocket listings”

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