Regulators tout new impact studies as proof of Basel III’s viability
BASEL, SWITZERLAND – The Bank for International Settlements last week published two major studies on the economic impact of new capital and liquidity requirements, which regulators now say is evidence that the so-called Basel III reforms are feasible and any impact will be manageable.
"This research provides conceptual support for what we're doing; it suggests there might be some modest effect on the cost of credit, but probably a substantial benefit in reducing the frequency of banking crises
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