Basel Committee frets over poor member discipline
Tsuiki warns on fragmentation risk as countries delay NSFR, FRTB implementation
A senior Basel Committee official has criticised the waning appetite for implementing the Basel III package of prudential standards among some major jurisdictions and warned it could lead to the fragmentation of global banking markets if rules become uneven.
“After the financial crisis there was a high level of political interest, and there was a momentum for promoting regulatory reform and implementing them. But, recently, as the lively memory after the financial crisis fades, the movement
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