BIS’s Restoy sees scope for improvement in EU regulations
FSI chair backs review of whether current framework imposes excessive compliance costs on banks
Regulators in the European Union should investigate areas of banking regulations that are overtly complex, a senior official at the Bank for International Settlements has said.
Delivering the keynote speech at a conference in Vienna yesterday (May 27), Fernando Restoy, chair of the BIS’s Financial Stability Institute, began by defending the regulations put in place after the global financial crisis of 2007–08.
“I believe the claim that the post-crisis prudential framework is significantly
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