Regulators ‘not done’ with bank and non-bank rules – Knot
Outgoing FSB chair says some regulations are “overly complex” but must not be weakened
The failure of Credit Suisse and turbulence in the non-bank sector show that global financial regulators are “not done” with their work, Financial Stability Board chair Klaas Knot said on June 12.
Knot, who will step down from the FSB at the end of June, looked back over a term that he said had been “anything but calm”. He highlighted the collapse of Credit Suisse and three US banks, noting that not all jurisdictions had fully implemented the Basel III framework.
“So yes, we’ve made progress. But
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