Homogeneous regulations could contribute to risk, says former Brazil central bank chief
Uniform global capital and liquidity regulations could create problems for many banks across the world and could contribute to greater levels of risk, says a former president of the Brazilian Central Bank.
Arminio Fraga, head of the Brazilian Central Bank between 1999 and 2002, welcomed efforts by the Basel Committee on Banking Supervision to reform the regulatory capital framework. However, he warned mandating the same methodologies across all jurisdictions and allowing little room for national
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