Industry urged to stop fighting Basel III and negotiate transition period
Banks should focus on the timeline for implementation and stop resisting the Basel reform package itself, say regulators
Banks must focus on negotiating the transition period for the Basel III reform package rather than fighting to scrap certain aspects of the proposals, says José María Roldán, director-general for banking regulation at Banco de España and chair of the standards implementation group of the Basel Committee on Banking Supervision.
Speaking at the Risk Europe conference in Frankfurt on May 27, Roldán said both the Basel Committee and the Financial Stability Board are currently considering an
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