BoE’s revised Basel III plans will be ‘welcomed by industry’
Banks will breathe “sigh of relief” over less stringent proposals, say experts
The revised plans by the Bank of England (BoE) for the implementation of Basel III will be broadly welcomed by the UK’s financial services industry, according to market observers.
The bank’s Prudential Regulation Authority (PRA) on September 12 unveiled the second and “near-final” part of its proposals to implement the rules on how banks can assess the capital they will need to set aside to match the risks associated with certain types of assets.
Charlie Browne – head of market data, quant and
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