Finalising global post-crisis regulation … Regarding banking regulation after the global financial crisis, we reached a remarkable milestone not too long ago. In December of last year, the Basel Committee on Banking Supervision finalised Basel III – the global minimum standard that imposes limits on the risks that internationally active banks can take.
The body had worked since the onset of the financial crisis to find a global solution to the problems that led to the crisis. However, good rules are of little value if they’re not implemented properly. Therefore, what counts in the end is taking the next step and mastering the implementation of Basel III.