Regulators hit back at IIF’s doom-laden predictions of Basel III impact

Senior regulators and central bankers have cast doubt on grave estimates made by the Institute for International Finance (IIF), a financial lobbying group, on the economic impact of the planned reforms to the Basel II framework, arguing they should not be taken as fact because of their reliance on assumptions and hypotheses.

The IIF's estimates were made in a 157-page report published on June 10 at its spring membership meeting in Vienna. The report was the result of almost six months' work