Basel III watered down by politics and not fit for purpose, says CLSA risk chief
The most recent draft of the Basel III proposals has been watered down by politics, according to an Asian risk officer.
The July 26 draft of the Basel III capital and liquidity proposals – which are not due to be finalised until later in the year – has been watered down by political interests, particularly by certain European countries, which is playing into the hands of the bank lobbyists, according to at least one risk manager in the region.
"Liquidity rates, limits of leverage – these are the right things to do
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