DBS risk chief fears Basel III liquidity rules still ‘not realistic’
Elbert Pattijn, chief risk officer at DBS in Singapore, believes modifications to Basel III liquidity rules made late last year may still fall short of industry requirements to meet the final regulatory definitions of high quality liquid assets.
The Basel Committee on Banking Supervision’s efforts to address concerns about perceived flaws in its new liquidity framework may be inadequate, according to Elbert Pattijn, chief risk officer at DBS in Singapore.
The committee published its final liquidity rules, Basel III: International framework for liquidity risk measurement, standards and monitoring, on December 16, following criticism of its original proposals put forward in a consultative document in December 2009. Senior bankers and some
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