Published January 09, 2013
Basel III's LCR requirements eased to facilitate recovery of global banking system
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.
Anti-Basel III sentiments have been building up, especially now that the supposed implementation date of January 1st 2013 has come and gone. According to the Bank for International Settlements’ (BIS) Basel III implementation progress report, only 11 countries have published finalised regulations a...