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Scheduled for implementation between 2013 and 2019, Basel III takes over from the predecessor Basel II. But whilst the new Basel framework is meant to strengthen the treating international banking risks and therefore protect bank’s customers and global financial markets, you can be positive that Basel III will not be the last major regulation thrust around the banking industry. Already, banks in a few jurisdictions suffer from additional rules like IFRS as well as the Dodd-Frank Act with additional likely within the pipeline as the full impact from the 2007-2009 economic crisis makes proper perspective.
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The task is hard. There are thousands of collections agencies inside U.S. Some of these agencies are massive – 20,000-plus employees, although some are truly “mom and pop shops” that have under five employees. They aren’t all created alike, either. They charge differently, provide services differently and are generally industry specific.
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