Basel's Byres says 'single global rulebook' wouldn't work
Wayne Byres, secretary general of the Basel Committee on Banking Supervision, today argued in a speech that banking regulation should not necessarily be homogenised across all jurisdictions, but said the committee is working to improve the comparability of regulatory capital calculations by banks.
Addressing the RiskMinds Risk and Regulation Forum in Nice, France, Byres said that the quest for consistency in bank regulation does not imply the "development of a single global rulebook that can be
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