Approval of banking rules postponed after disagreement over capital

Central bank governors and heads of supervision from nearly 30 countries were due to meet on Jan. 8 to approve the new rules that will determine how much capital lenders have to set aside against loans and other assets. The Basel III reform has proven divisive, with European regulators worrying that higher capital demands would curb bank lending - the prime source of funding for companies in the region. The Basel Committee working on the reform said on Tuesday more work was needed before its pro