Basel Committee’s Walter: Basel III on track

Stefan Walter

Despite vociferous industry opposition to its proposed reforms and widespread pressure to review its optimistic planned timeline, the Basel Committee on Banking Supervision remains on track to finalise its proposals by the end of this year, its secretary-general has said.

Speaking before the European Parliament's committee on economic and monetary affairs yesterday, Stefan Walter said the Basel Committee would stick to the schedule it agreed with the Group of 20 leaders last year, which would se