· Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision WikiImplementing Basel III
Read full speech on bis.org ↗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
- Banks' risk-weighted assets lack credibility.
- Capital ratios are hard to compare.
- Implementation in Europe may deviate.
Solutions proposed
- Implement the outstanding Basel III reforms.
- Strengthen standardised approaches.
- Ensure full and consistent implementation.