Fears over consistency of Basel III implementation
The power of peer pressure
When a close friend asked US President Theodore Roosevelt how best to negotiate the complex world of international diplomacy, he is said to have responded: “Speak softly and carry a big stick.”
Following the publication of the final version of Basel III on December 16, the Basel Committee on Banking Supervision might well wish it could follow this advice as it hands over the framework to national regulators, which will now transpose the rules into binding laws in their respective jurisdictions
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