IIF defends doom-and-gloom Basel III forecasts


The Institute for International Finance (IIF), a trade body for the banking industry, on Monday defended its forecast of expected output loss from the Basel III reform package.

Although the staggered phasing in of the higher capital standards would help lower the costs of the reform, the IIF said it would not revise its June predictions that Basel III would cost the United States, eurozone and Japan 3.1% of GDP by 2015. "In part, this is because the new requirements include higher core capital r

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: