Bankers lament growing global regulatory fragmentation

Piecemeal roll-out of Basel III will be “enormously costly”

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The post-crisis era of globally harmonised bank prudential standards co-ordinated by the Basel Committee on Banking Supervision may be drawing to a close, bank regulatory and risk specialists have warned.

“I certainly observe that there is a slowdown on the Basel Committee and there appears to be a shift back slowly to the individual jurisdictions deciding their own fate,” said Jeff Samuel, Americas head of group regulatory and governance at UBS.

In recent months, a number of financial

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