Published February 27, 2013
Simplicity, risk sensitivity and comparability: The regulatory balancing act
Wayne Byres, secretary general of BCBS, feels that banks today cannot operate anywhere near as effectively without models for pricing and risk management.
Date: Feb 27, 2013
Author: Wayne Byres
Categories: Basel III, Regulation, Risk and Regulation
Keywords: BCBS, Wayne Byers, Capital Adequacy, Basel II, Basel I, LVR
I would like to acknowledge that the Asian region leads the world in its implementation of Basel III. The region has benefited from the development of strong banking systems supported by strong regulatory regimes. Furthermore, many of you have recognised Basel III as a minimum, and have adopted local practices that impose additional requirements to deal with local risks. The result is healthy banking…