BIS central bankers’ speeches  1  raises capital requirements, and impact studies were carried out before the rules were finally endorsed.2 Now we should let Basel III take effect. Looking at the issue of complexity, it is true that risk measurement will never be perfect and that relying on internal models hampers comparability, among other things.
BIS central bankers’ speeches  1  We have had an extended period over which inflation has been below levels where the Governing Council wants to see it in the medium term that is below, but not too far from, 2% and that is why we decided to act further.