Nobody could have seen this coming: Implementation of Basel III by the eurozone isn't happening...


Nobody could have seen this coming: Implementation of Basel III by the eurozone isn't happening in January. "It is unrealistic" to expect such, says the Bundesbank's Andreas Dombret. His best guess is for the middle of 2013. The U.S. has already postponed indefinitely its implementation of the rules.
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Comments (2)
  • apberusdisvet
    , contributor
    Comments (3099) | Send Message
     
    Kicking the can on Basel III only means one of two things; either the banks are still insolvent and/or they haven't raped and pillaged enough.
    3 Dec 2012, 07:54 AM Reply Like
  • Tack
    , contributor
    Comments (16281) | Send Message
     
    No, Basel III is the typical populist-inspired politician kneejerk to the past events, that doesn't have anything to do with the actual root of the problem, i.e., Government policy, but merely applies economy-sapping strictures to banks (the "bad guys") that accomplish little that's salutary, while supposing to make us all feel "safe."
    3 Dec 2012, 08:04 AM Reply Like
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