Keynote speech by Stefan Ingves, Chairman of the Basel Committee on Banking Supervision, at the Institute for Law and Finance conference on “Basel III: Are we done now?”, Goethe University, Frankfurt, 29 January 2018.
Yes, we are done, but that doesn’t mean the work has ended. In some respects, it’s only just beginning. While finalizing Basel III was an important milestone, work remains to:
(i) implement Basel III nationally in a full, timely and consistent manner;
(ii) evaluate its effectiveness in reducing the excessive variability of risk-weighted assets (RWAs); and
(iii) continue to monitor and assess emerging risks.