The world's top banking regulatory body said over half its members missed the January deadline set by global leaders for introducing tougher rules to make banks safer. Critics say the delay underlines the Basel Committee on Banking Supervision's lack of enforcement powers which means it can only "name and shame" laggards. The committee said on Thursday 11 of its 27 members have approved rules to implement the Basel III accord, the world's main regulatory response to the 2007-09 financial crisis that sent undercapitalised banks running to governments for help to stay afloat. Some of the world's top financial centres such as Britain, Germany, France and the United States have yet to finalise or introduce their rules based on an accord world leaders endorsed over two years ago. January marked the start of a six-year phase-in of the new regime. "The committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements," the
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