Opposing Basel III is ‘short-term thinking’ – DNB’s Klaas Knot
Lenders should not ask governments to water down proposals, says Dutch central bank governor
Banks must fully adopt Basel III if they are to withstand the next economic shock, the governor of the Netherlands Bank (DNB) said on October 11.
Speaking at a conference organised by the International Institute of Banking Studies (IIEB), Klaas Knot, who also chairs the Financial Stability Board, said a consistent, global adaptation of Basel III would not be a “constraint, but a licence to operate”.
He said the first iteration of Basel III, which focuses on “increasing capital adequacy
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