Czech vice-governor says parts of Basel III 'done with too much haste'

Vladimir Tomsik discusses regulatory framework's impact on smaller economies

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Vladimir Tomsik

Some of the regulation under Basel III is done with "too much haste, and some of the regulation is ahead of theory," Czech National Bank vice-governor Vladimir Tomsik argued during a presentation on the challenges of the international framework for small economies in Prague yesterday.

"Emerging markets and small economies [EMSEs] have some common features," Tomsik said. "Their financial markets are often more volatile; they are experiencing stronger credit growth" and they "usually have lower

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