Review of global bank rules no free-for-all, says Basel’s Tsuiki
Evaluation of new framework by Basel Committee will not be excuse for tweaking pre-agreed rules - unless proposed changes are backed by strong evidence
Any proposed changes to already agreed global bank regulation will have to be backed by “robust” evidence that demonstrates the need for it, according to Toshio Tsuiki, deputy secretary-general of the Basel Committee on Banking Supervision.
Speaking at the Asia Risk Congress in Singapore today (September 26), Tsuiki said as regulations are finalised, the Basel Committee’s focus will shift to implementation of the agreed rules and evaluation of policy. The change in focus will be part of the
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