Implementing Basel III accords must not be delayed – ECB’s Enria
Financial sector is calling for further postponement but this will bring no benefits, supervisor warns
Regulators must ignore calls to further delay the final implementation of the Basel III accords, the European Central Bank’s most senior supervisor warned.
“I am hearing calls for the initial date of implementation to be further postponed,” Andrea Enria said told an audience in Frankfurt on May 3. “Let me be very clear on this. We do not see any benefits in further delays.”
Authorities are currently due to start implementing the accords in January 2023, with a completion date five years later
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