Gold-plating will stay common, academic argues

Race to the top likely on Basel and other rules

Bank for International Settlements, in Basel

Banks around the world should prepare for their local regulators to impose harsher rules than specified in the Basel III capital adequacy standard – known as 'gold-plating', super-equivalence or over-compliance – according to a speaker at the London School of Economics systemic risk conference last week. Andrew Walter, professor of international relations at the University of Melbourne, pointed out that countries did not always seek competitive advantage by implementing the minimu