BIS’s Coen warns of danger in delays as output floors remain stuck
Long phase-in periods increase risk of “dilution or backtracking”, BCBS secretary-general says
Allowing too much time for phasing in new rules risks weakening final regulations, William Coen warned today (May 25).
Delays were at the forefront of audience members’ minds as the secretary-general of the Basel Committee on Banking Supervision (BCBS) spoke during a conference in London. The final agreement on Basel III remains elusive due to continuing disagreement on the calibration of “output floors”, which set minimum levels for internally modelled capital ratios.
It seems likely that
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