CP3 comments to be posted shortly, says BIS official

An official from the Bank for International Settlements in Basel, Switzerland said today in an exclusive interview with BaselAlert.com that the hundreds of comment letters that the institution has received in response to the Basel Committee on Banking Supervision's third consultation paper (CP3) will be posted very shortly on the institution's website.

“If they are not out there now, they should be going up fairly shortly,” said the BIS official. “We’ve got to move fairly quickly on this whole review process, as quick as we can. So we will be posting these for transparency purposes.”

CP3 was published in late April, and the results from the third quantitative impact study were published in early May. Already some industry associations have released their own comments to the media, demanding that the implementation date for the new rules be

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