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.
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 systems that are well equipped to support economic growth, not least by stepping into the gap created by the constraints faced by many banks in other parts of the world.
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Categories: Basel III
, Risk and Regulation
, Wayne Byers
, Capital Adequacy
, Basel II
, Basel I