Regulation: Banks digest the meaning of Basle III

	Roldán has warned about the impact of new Basle guidelines

You had been warned. In December, José María Roldán, the head of banking supervision at Banco de España and chairman of a key Basle Committee sub-group, proclaimed that as then unpublished revised bank capital regulations would be nothing less than a “regulatory tsunami”. And so they have proved to be. The long-awaited revised bank capital rules from the Basle Committee on Banking Supervision, now dubbed Basle III, were released as the banks wound down for Christmas, and the industry is only now fully digesting what it will mean.