Regulation: New rules promote a shadow banking system

Basle III unpopular with bank bondholders; Regulators insist system will be safer


	“We lack a lot of information on the shadow banking and financial system and it may be difficult to disentangle the interconnectedness to the regulated system” José María Roldán, Bank of Spain

Last month José María Roldán, director general of banking regulation at the Bank of Spain and chair of the standards implementation group of the Basle Committee on Banking Supervision, spoke to Euromoney at a seminar in London on Basle III: The rules. Those attending, mainly investors and bankers as well as some policymakers, voiced many worries.