WASHINGTON -- Eight of the more than two dozen countries involved have adopted a package of capital and liquidity rules known as Basel III, according to the latest progress report by the Basel Committee on Banking Supervision.

Ahead of a meeting of leaders of the Group of 20 nations next month, the Basel Committee released its fourth status report this week, specifying how much progress had been made by the 27-member body, which agreed to a non-binding plan designed to strengthen capital standards for globally active banks.

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