RBA payments manager discusses challenge of Basel III deadline
The senior manager for payments system stability at the Reserve Bank of Australia (RBA), Mark Chambers, today (August 14) said countries were reluctant to be the first to implement Basel III regulations, but he expected "substantial progress" by the deadline at the end of this year.
Chambers denied that countries would miss the deadline, but conceded that the task of introducing regulation was proving more difficult than originally envisaged. "I think it is fair to say that it has turned out to
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