Quant Congress USA: Basel timelines meaningless, says panel
The banking industry is moving ahead with Basel III implementation – even in the US, where regulators only recently released their Basel III proposals
The banking industry is pushing ahead with Basel III implementation regardless of official deadlines, as institutions fear the consequences of being left behind, according to panellists at the Quant Congress USA conference in New York today.
Under the Basel III timetable, higher capital requirements will be phased in from next year, with the rules coming fully into effect from January 1, 2019. However, these timelines are virtually meaningless, and many major banks expect to be compliant well in
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