One thing missing from US Basel III proposal: a deadline
Without a deadline, risk teams will struggle to secure resources to begin implementation projects
Banks found much to cheer in the Basel III endgame proposal issued by US regulators on March 19. The one thing missing was a deadline to jumpstart implementation.
“The lack of a go-live date was surprising,” says a market risk manager at a US bank.
Regulators generally suggest a go-live date when proposing new rules, although US prudential agencies haven’t always done so in the past. An earlier
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