Knot warns deviations from global standards must be temporary

Klaas Knot
Klaas Knot
Photo: DNB

Any deviations from global regulatory standards agreed post-2008 must be temporary or they could risk undermining the resilience of the global financial system, warns Klaas Knot.

The Dutch central bank governor told Central Banking in a recent interview that the US in particular had a responsibility to set a good example.

On April 1, US regulators relaxed the supplementary leverage ratio (SLR) in a bid to ease market strains. The SLR is a capital surcharge applied only to the largest banks

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