Regulators tout new impact studies as proof of Basel III’s viability
The Bank for International Settlements this week published two major studies on the economic impact of new capital and liquidity requirements, which regulators now say is evidence that the so-called Basel III reforms are feasible and any impact will be manageable.
"This research provides conceptual support for what we're doing; it suggests there is some modest effect on the cost of credit, but also a substantial benefit in reducing the frequency of banking crises that bring a great cost to the
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