The end of the beginning for Basel III

Basel III: in your own time...

basel-marathon

In November 1942, UK prime minister Winston Churchill told a war-weary country: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same caution could well be applied to the Basel III reform process at the end of 2010.

One year after the first consultation paper on a comprehensive new set of capital and liquidity rules was published, the Basel Committee on Banking Supervision will this month unveil the final, fully calibrated set of

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