BoE's Andrew Bailey says Basel III will be more transparent in the future
Head of the PRA says level of ‘precision' sought by banks ‘is not realistic'
Banks and investors are complaining about the lack of clarity of future requirements under Basel III, Bank of England (BoE) deputy governor Andrew Bailey noted today in a speech in London, adding it is likely the regime will benefit from "more transparency" in the future.
Bailey, who is also chief executive officer of the bank's Prudential Regulation Authority (PRA), said: "When I started in supervision in the late 1980s, we prohibited banks from disclosing their Basel I capital ratios, and we
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