Basel uniformity fades as members defy dress code
Rule-makers diverge from Basel III standards, denting aims of comparability and fuelling fears over fair competition
It took years of haggling and horse-trading. But just as the adoption of the latest Basel III capital standards draws tantalisingly close, senior bankers and former regulators are warning that one of the main goals of the new regime is in danger of failure.
Basel III, we were told, was designed to improve the comparability of bank capital ratios. However, major differences in the way that countries have implemented the rules may have compromised this aim, fatally so.
“It feels like comparability
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