ECB compromise on Basel III adjustments gets mixed response

An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers


A proposal by the European Central Bank (ECB) to allow European regulators some scope to apply or relax certain aspects of Basel III as part of macro-prudential policy has met with a mixed response from central bankers.

The proposal, set out in a January 25 opinion paper, is seen by some as a compromise between those who want the fourth Capital Requirements Directive (CRD IV) – which will implement Basel III in Europe – to be a single set of rules applicable to all, and those who want national

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