Buba’s Weber says negative growth effects of Basel III unfounded
Axel Weber, the president of the Bundesbank, on Thursday said claims that the new Basel III reforms will negatively impact growth were unfounded.
At an event at the University College London, in London, Weber said: "The development of Basel III has been accompanied by concerns that tighter regulation might have a negative impact on economic performance by severely restricting access to credit. However, a comprehensive cost-benefit analysis by the Basel Committee on Banking Supervision has
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