Focus on implementing Basel III, central bankers say
Stefan Ingves and Andreas Dombret say regulators and banks should turn their attention to implementation
There is little further work to do on Basel III so regulators and banks should turn their attention to implementing it in full in a timely way, central bankers said on January 29.
During a panel discussion entitled “Basel III: Are we done now?”, Basel Committee chair Stefan Ingves answered the question almost as soon as he started speaking: “Yes, we are done, but that doesn’t mean the work has ended.”
Ingves noted that the question of whether Basel III will be sufficient depends in part on the
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