Is the US Republican administration the answer to global financial regulatory disarray? (Premium)
The Bundesbank says “no deal is better than a bad deal” on Basel III while the EU issues “adjusted” Basel rules. Asian regulators have published proposals but are taking a wait and see approach. The US has hiked the Supplementary Leverage Ratio to 5%/6% and requires banks to calculate capital ratios daily. The plan to roll out one Basel standard globally has failed due to its complexity and national self-interest. This content requires registration. Get access today by signing up here.