The Clearing House, a US-based banking body, has noted weaknesses in Basel III’s LCR recommendation and has pushed for revisions, in view of the industry’s struggle to achieve Basel III compliance.
Barbara Ridpath, chief executive of the International Centre of Financial Regulation (ICFR) believes that in 2012, trends in the structure of financial markets will continue to influence regulator priorities.
Jörg Zeuner, chief economist of Switzerland’s VP Bank, feels that the financing of deficits is not a must, as long as the ECB intervenes in the secondary market.
Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk, feels that there may not be enough money for rescues.
Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk, feels that government spending and easy money from central banks has covered up deep seated problems.
