Credit Risk 2011: Basel III overreaching into macro-prudential policy, say panellists

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Several high-profile industry figures predicted that regulatory attempts to use parts of the Basel III package as a macro-prudential tool could end in disaster, during a panel discussion at yesterday's Credit Risk 2011 conference in London.

Particular attention was paid to the counter-cyclical capital buffer, which imposes up to 2.5 percentage points of extra capital on banks if their national regulators see a dangerous credit bubble emerging. Once that bubble has popped, regulators can then

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