62, January 2012  BIS central bankers’ speeches  5  regulatory framework for banks under Basel III, in particular the much higher capital and liquidity requirements.
Will the purchases of corporate debt help all companies and countries, or just the big ones? It’s true that most of the bonds available at present are issued mainly in only a few countries and by a limited number of large firms. But there are two things to note here. First, it’s the realignment of portfolios that matters.