In my short remarks this morning, I will explain why timely clarity on debt measures and debt sustainability is important – not only to restore trust in public finances but also to help rebuild confidence in the Greek economy more generally, and the financial sector in particular.
But as I see it, full implementation of the Basel III rules doesn’t mean that all banks need to be affected by these highly complex rules to the same extent. To recap, the Basel standards are primarily aimed at internationally active banks.