More discord over Basel III countercyclical buffers
The Basel Committee on Banking Supervision and economists alike are still struggling to reach a consensus on how countercyclical buffers - a key part of the Basel III regulatory framework - should be calibrated.
"In terms of devising the triggers for countercyclical buffers, there's not much agreement. It makes me uncomfortable," Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee, said at a London School of Economics (LSE) conference on Monday
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