Basle III on the brink?

By:
Sid Verma
Published on:

The post-Lehman consensus on the framework is under strain, as the US postpones the January 2013 start date, triggering the ire of EU banks. Competing regulatory agendas in Europe only complicate the process further. As hopes dwindle for a global level playing field, Basle Committee chairman Stefan Ingves touts the virtues of the torturous reform drive.