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“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” |
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.
As the European Commission prepares to convert Basle III into a draft of CRD IV to be debated and approved by the European parliament later this year and then enacted into national laws in 2012, the time for debating new rules is fast running out.
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