OpRisk North America: Dodd-Frank clouds Basel III implementation
Requirement to remove credit ratings causing a headache for regulators
A requirement to remove credit ratings from banking rules under the Dodd-Frank Act is complicating the implementation of Basel III in the US, according to Mark Ginsberg, a risk expert in the capital policy division of the Office of the Comptroller of the Currency (OCC).
Commenting on Basel III implementation at OpRisk North America in New York on March 23, Ginsberg noted: “One of the challenges we’re going to have is co-ordinating Basel with Dodd-Frank. The law requires us to remove all
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