Italy’s Enria voices concern over regualtory arbitrage from Basel III
Andrea Enria, the head of the supervisory regulations and policies department at the Bank of Italy, on Wednesday said regulators will need to be wary of regulatory arbitrage when implementing Basel III rules in Italy.
In testimony before the Seventh Commission of the Chamber of Deputies in Rome, Enria said: "It is necessary to follow with attention what happens in the market, as it will probably open up a new phase of financial innovation, with new products and intermediaries to minimise the
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