Pillar II implementation still key
London – The cross-border implementation of Pillar II and regulatory inconsistencies remain a key issue under Basel, said Katharine Seal, director of the London Investment Bankers Association (LIB) at a City and Financial conference on the Capital Requirements Directive and Basel II in London in mid November.
"We have to work with a global network of countries for successful implementation of Basel. But for it to work, it is Pillar II that is key, however the wide range of regulatory practices across Europe remains a challenge for Pillar II implementation," said Seal.
Seal spoke of the need for EU regulators to adopt the same pragmatic approach to co-ordination and co-operation as they had undertaken
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