April 18, 2024 (NO COMMENTS)

Isda AGM: Divergence on implementation suggests rules could be flawed, bankers say

 

The Basel Committee on Banking Supervision should carry out a comprehensive review of its bank capital reforms, according to market participants, as divergence among major jurisdictions suggests flaws in the rules.  “We think the Basel Committee has a responsibility to revisit this,” said Eric Litvack, chair of the International Swaps and Derivatives Association and director of public affairs at Société Générale.