Albania, the Bahamas, Jordan and Uganda have, on the face of it, little in common. But the thread uniting them is that they have all taken early steps towards implementing Basel III.
For these countries – and dozens more – the choice to implement is not straightforward. On the one hand, international standards are seen as a stamp of quality. On the other, local banks and regulators may feel they have better things to do than apply complex standards written with the US and Europe in mind. As a