Banks wary of uneven application of Basel III bank capital rules
As European countries prepare to introduce Basel III, concerns are mounting that its implementation will highlight a chasm between different countries in terms of bank capital levels. Is the banking sector about to see a new era of regulatory arbitrage?
“Anytime four New Yorkers get in a cab together without arguing, a bank robbery has just taken place.”
American comedian Johnny Carson’s classic joke about New Yorkers might mischievously be adapted to parody the apparent unity among European regulators following the financial crisis: even as they call for harmony, there are signs their spirit of togetherness may be short-lived.
When the Basel Committee on Banking Supervision set out its proposals for bank regulatory capital in September 2010
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