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The world’s largest banks are into the homestretch of a long campaign to convince politicians and regulators that planned changes to their capital requirements will suffocate the industry and imperil lending and growth. All that lobbying is paying off when it counts.

The Basel Committee on Banking Supervision will hold three crucial meetings in the next two weeks as it races to wrap up the post-crisis capital framework by the end of the year. The banks warn that proposed changes in how they assess risk would send capital requirements spiraling, and key policy makers from Europe to Japan are heeding their message.

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