Ingves: Europe facing peer pressure on Basel III
Other jurisdictions will push EU to fix gaps in rules, says Basel chair
Other supervisors will push Europe to change its version of Basel III, says Stefan Ingves, governor of Sweden's central bank and chairman of the Basel Committee on Banking Supervision. A review of Europe's rules by the committee last month found them to be "materially non-compliant", but European authorities did not agree.
It sets up a watershed moment for the Switzerland-based body, which has trumpeted its new review process as a way of ensuring a level playing field during its wide-ranging
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