Basel III substantially  1  OECD, S Schich and S Lindh, Implicit guarantees for bank debt – Where do we stand?, 2012. Schich and Lindh define “uplift” as the difference between the “all-in credit rating” (AICR) and the “stand-alone credit rating” (SACR).
I would like to point out that the Ministry of Finance does not have an easy job at this time, in light of the pressures exerted to undertake weird and wonderful measures, which do not always contribute to the achievement of the policy goals.