A crucial month for Basel III calibration

Implementing change

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The Basel Committee on Banking Supervision has been the subject of a huge amount of criticism since it first published its extensive package of capital and liquidity reforms in December 2009. In the early part of this year, it was accused of drafting proposals so draconian they could cripple the banking sector and choke the economic recovery. Following amendments to the package announced on July 26, the tables turned and the committee was widely criticised for giving in to industry lobbying and

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