Bank’s Tucker: Basel III not rigorous enough
Paul Tucker the deputy governor of financial stability at the Bank of England, on 11 October said the new Basel III rules were a landmark achievement but flexibility for supervisors to apply supplementary requirements was necessary.
Speaking in an event in Washington D.C., Tucker said; "We've got our first landmark: the new Basel Capital Accord. The UK, the Bank of England, would have liked it to be more rigorous in some respects, but we most certainly think that it is an Accord worth having. It
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