Goldman welcomes Basel’s rationalisation drive

Isda AGM: Praise for efforts to curb fragmentation, but EU official defends rollback of deference

Read all our Isda AGM coverage here.

A senior Goldman Sachs official in Asia has praised efforts by financial regulators to make global regulation more coherent, to avoid hurting banks’ ability to serve their clients.

Jenny Cosco, co-head of government affairs for Asia-Pacific at Goldman, told a conference on April 10 she welcomed the Basel Committee’s publication of a “comprehensive compendium” of its prudential regulations, and accompanying consultation on “the collective impact of those