Ingves: Europe facing peer pressure on Basel III
The chair of the Basel Committee is counting on peer pressure to bring Europe into line with Basel III, but regulatory experts are not convinced it will work
Other supervisors will push Europe to change its version of Basel III, says Stefan Ingves, governor of Sweden's central bank and chairman of the Basel Committee on Banking Supervision. A review of Europe's rules by the committee last month found them to be "materially non-compliant", but European authorities did not agree.
It sets up a watershed moment for the Switzerland-based body, which has trumpeted its new review process as a way of ensuring a level playing field during its wide-ranging
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