France’s Noyer assesses economic implications of Basel III


Christian Noyer, the governor of Banque de France, on Tuesday said the phasing in of Basel III was designed to minimise potential adverse consequences on banks and the global economic recovery.

At a conference entitled G20's Current Challenges: Combining New Regulations and Economic Growth in Paris, France, Noyer said: "Curbing the tendency of our economies to alternate phases of booms and busts and reducing the procyclicality of our financial systems, are legitimate public policy priorities. On

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