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Implementing Basel III

· Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision (International)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision

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· Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision WikiImplementing Basel III

ContextRemarks at a European Parliament public hearing on the EU banking reform package; the Basel Committee sets global bank standards and wants Basel III applied faithfully.

Why it mattersThe standard setter urges Brussels not to dilute the final post-crisis capital rules.

Problems raised
  1. Banks' risk-weighted assets lack credibility.
  2. Capital ratios are hard to compare.
  3. Implementation in Europe may deviate.
Solutions proposed
  1. Implement the outstanding Basel III reforms.
  2. Strengthen standardised approaches.
  3. Ensure full and consistent implementation.
Read full speech on bis.org ↗

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