Relevant:
- Basel III Comment Period Extended; CFPB Servicing Guideline Proposals
- Banks Win 4-Year Delay as Basel Liquidity Rule Loosened
- Europe Said to Threaten Revolt Over Bank Capital-Rule Revamp
- Fed may shun global risk rules banks spent billions to meet
- Banks To Face Basel Capital Rules For Derivatives Trades
2012-12-13 — reuters.com
Such a delay would deal a further blow to the global Basel III accord, which was struck by central bankers and regulators in a bid to make banks less risky. It requires banks to set aside more capital to cover losses such as unpaid loans and had been due to start from January 1, 2013.
"We are going towards a postponement of Basel III to the end of 2013, January 2014 at the latest," Bank of Italy Director General Fabrizio Saccomanni told a meeting of business leaders in Rome.
So now both the US and EU are delaying it. And if they can do this, the delay is indefinite. This is probably to avoid the introduction of gold as a Tier I asset.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
