Draghi backs ‘consistent’ implementation of Basel III


Mario Draghi, governor of the Bank of Italy and president-designate of the European Central Bank, has said consistent implementation of Basel III rules must be achieved to ‘preserve a level playing field across national financial sectors'.

In his foreword to a new book, Basel III and Beyond: A Guide to Banking Regulation after the Crisis, published on Wednesday by Risk Books, Draghi added "full and consistent implementation will take time and perseverance".

He warned that "pressures to water dow

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