Reuters quoting the BOF governor and ECB gov council member 4 Dec
- unilateral deregulation would pave way for next financial crisis
Basel III" is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector. These measures aim to:
- improve the banking sector's ability to absorb shocks arising from financial and economic stress, whatever the source
- improve risk management and governance
- strengthen banks' transparency and disclosures.
More from the BIS here
