BoE's Haldane says UK could redefine global banking rules
The UK could lead the way with efforts to fix broken regulations, including the over-emphasis of the Basel III capital accord risk-weighted capital requirements, according to Andrew Haldane, executive director for financial stability at the Bank of England (BoE).
Speaking at a session of the UK's Parliamentary Commission on Banking Standards today (January 21), Haldane suggested regulators may have placed too much faith in the Basel III framework. "One thing we could do is try to convince the
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