Asia’s Basel III woes


In the early evening of May 5, Stefan Ingves, chair of the Basel Committee on Banking Supervision and governor of Sveriges Riksbank, addressed the Financial Stability Board’s European consultative group during a dinner in Berlin. “The main components of Basel III are essentially done,” Ingves observed, checking off the centrepieces of the international financial regulatory reform agenda: capital and leverage requirements; the liquidity coverage ratio (LCR); and the net stable funding ratio. “The

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