Brussels, 11/10/2002 (Agence Europe) - The chairman of the Basle Committee on banking supervision, William McDonough, assured parliamentarians that "quite extraordinary progress" had been made in the framework of ongoing work for the adoption of new international rules on "capital adequacy" financial institutions must have for their lending activities. Expected for several years now, this new framework is expected to be introduced from 2004, he said at a hearing before the European...