My motivation for the talk on this subject is also due to my job as a bank regulator and my association with the process of policy formulation and implementation of Basel III for banks in India. The Context Let me first set the context for Basel III. Basel III is the regulatory response to the causes and consequences of the global financial crisis.
This roundtable should also feel free as members of AFI to develop a framework of AMPI modalities, including a governance structure. Ladies and Gentlemen, I take this opportunity, once again, to thank all of you for gracing this occasion and for your unrelenting support to this Initiative.