With a bit of luck, we will be able to create the first Basel III fan base here tonight. 4. Don’t lose sight of the objective: Basel III in context With this in mind, I would now like to steer your attention away from the immediate towards the longer-term implications of the Basel III reforms.
After all, this set of rules has the demanding task of laying down global standards for the banking system – possibly for many years to come. You will, of course, experience this first hand in a variety of different ways. Credit institutions will, after all, either be subject to additional strain or may even see some relief.