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.

Date: January 09, 2013
Author: Esther Tan
Categories: Basel III, Regulation, Risk and Regulation
Keywords: The Clearing House, BCBS, Liquidity Coverage Ratio, BIS, Bob Chakravorti, Federal Home Loan Bank, European Central Bank, Liquidity Risk, Mervyn King, GHOS

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...