Basel Committee defends adjustments to Basel III as calibration decisions loom
The Basel Committee on Banking Supervision has defended the changes that were made to its capital and liquidity reform proposals on July 26, saying regulators have not given in to intensive industry lobbying.
"This is all part of a normal process – we went out with an initial proposal that was conservative and we have naturally made some adjustments as part of the normal consultative process. But when people step back and look at the whole package in comparison with the current status quo, they
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