Critical voices

The International Swaps and Derivatives Association (Isda) has criticised the number of national discretion items in the final Basel II framework, arguing that it may lead to inconsistencies in implementation from country to country. It’s an area that has prompted significant criticism from global banks over the past year, which have been worried that inconsistent implementation in different jurisdictions may increase the complexity and costs of Basel II. While it’s important that the framew

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