Deal on output floors and op risk approach likely – Ingves

Stefan Ingves
Stefan Ingves: "no single country or region gets everything it wants from the negotiations"

The "contours of an agreement" for finalising key details of the Basel III accord "are now clear", Stefan Ingves said today (November 30). Among other major points, Ingves said the agreement was likely to include revisions to the current approach to credit risk and a new approach to operational risk.

Members of the Basel Committee on Banking Supervision had made "very good progress" towards an accord, Ingves said in one of his last speeches as chairman of the committee, a role he took up in 2011

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