Quant Congress USA: 'High risk of mis-calibration' in Basel III

Tight timetable for Basel III, politicisation and new liquidity ratios criticised by CRO

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Supervisors risk mis-calibrating the Basel III package of changes to bank capital rules, thanks to a political rush to hasten implementation, warns Nico Meijer, chief risk officer at Bank of Montreal (BMO) Capital Markets.

"I would comment that this whole process has taken place within a highly compressed time frame. The process has become highly politicised and there's a high risk of mis-calibration," he said during Risk magazine's annual Quant Congress USA conference in New York.

While Basel

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