Ingves says job of supervisors just beginning as Basel III nears completion
Basel Committee chairman says Basel III rules are ‘substantially complete'
The development of Basel III is "substantially complete", according to the chairman of the the Basel Committee for Banking Supervision Stefan Ingves, in an article written for the latest issue of South East Asian Central Banks (Seacen) Financial Stability Journal.
However, Ingves writes, the job of regulators and supervisors is "in many respects, only just beginning", because the implementation of the regulatory framework will be the primary challenge for the Basel Committee in the period ahead
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