Regulators rebuff fragmentation complaints
EC’s Guersent points to Fed hints that it would ease TLAC plans for foreign banks
Leading regulators have sought to dispel industry concerns that global prudential regulation is in danger of fragmenting along national lines, making it harder to manage cross-border balance sheets.
“I am surprised when I hear about fragmentation… I’ve been involved for 20 years, so I know where we came from, and I think the level of supervisory co-operation is far better than it used to be,” said William Coen, secretary-general of the Basel Committee on Banking Supervision.
Coen, who was
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