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
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