Thirty-two of the world's leading commercial bankers have agreed to work together to influence capital rules being crafted by the Basel Committee on Banking Supervision.

Coordinated by the Institute of International Finance, these bankers are to hold their first meeting Sept. 24 in New York. The group, chaired by Jan Kalff, chairman of ABN Amro Bank NV, Amsterdam, supports updating capital standards, which were first issued in 1988.

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