The Asian Banker

Should Chinese banks comply with Basel III standards?
William Isaac, former chairman of FDIC, believes that it is more important that banks develop sound decision-making processes, rather than comply with Basel III rules.

May 02, 2013 | Baron Laudermilk

According to William Isaac, former chairman of the Federal Deposit Insurance Corporation, who recently spoke at the “Building a Strong and Stable Bank – The Role of the CEO in Risk Management” dialogue (organised by The Asian Banker and the Shanghai Banking Association) held in Shanghai on April 26th, Chinese banks should not conform to Basel III rules, but instead rely on sound judgment, wisdom, and experience in running their respective bank operations. Indeed, Isaac’s sentiments were met with much query and comments from the banking delegates and regulators present at the dialogue. Image…

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Categories: Basel III, Capital & Strategic Issues, China, Risk and Regulation
Keywords: William Isaac, FDIC, Ma Lixin, CBRC, Shanghai Banking Association, Shanghai Banking Association, Accenture, Phillip Straley
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