Basel III not holding back development finance – Thedéen
Regulations should not be viewed as “scapegoat” for lack of investment, says committee chair
Existing banking regulations are not acting as a drag on investment in development projects, the chair of the Basel Committee on Banking Supervision has argued.
In a conference on development finance in Seville today (July 1), Erik Thedéen emphasised that financial stability was a foundation for and not a constraint upon investment.
Thedéen, who is also governor of Sveriges Riksbank, said the Basel regulation framework provided a “risk-sensitive” approach to development finance. This, he said
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