Bankers made their opposition to a proposed "know-your- customer" rule heard at a conference here this week, arguing that compliance would be too time-consuming and expensive.

At a panel discussion sponsored by KPMG Peat Marwick, the proposal's primary author tried to reassure bankers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.