Industry calls for major rethink of Basel III rules
Isda AGM: Divergence on implementation suggests rules could be flawed, bankers say
The Basel Committee on Banking Supervision should carry out a comprehensive review of its bank capital reforms, according to market participants, as divergence among major jurisdictions suggests flaws in the rules.
“We think the Basel Committee has a responsibility to revisit this,” said Eric Litvack, chair of the International Swaps and Derivatives Association and director of public affairs at Société Générale.
It’s not good enough to see particular standards being deployed differently by
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