Uneven Basel rule adoption threatens regulatory arbitrage
The Basel Committee on Banking Supervision (BCBS) named and shamed those member jurisdictions that have missed internationally-agreed implementation dates for financial system reforms.
Mexico was the most behind, having yet to start adopting nine of the 13 Basel rules for which the agreed deadline has passed. China has yet to adopt eight rules, and the US seven.
Saudi Arabia was the only one of the 27 BCBS member jurisdictions to have fully adopted all applicable rules to date. Singapore
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