Fears of fragmentation over Basel shadow banking rules
Step-in risk guidelines could be taken more seriously in the EU than in the US
What’s an international standard setter to do when they cannot get members to agree on an international standard? The answer from the Basel Committee, it seems, is to gently encourage members to decide their own rules locally instead.
A masterplan to complete the Basel III risk-based capital framework has stalled owing to infighting between the US and Europe. But an item lower down the list of priorities – a regulatory framework for banks’ non-contractual relationships with shadow banking
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