Basel III: New strains and old debates - challenges for supervisors, risk managers and auditors
By Bank for International Settlements (BIS)
In this 2011 speech, the General Manager of the Bank for International Settlements (BIS) addresses the Bank of Portugal on the critical transition to the Basel III regulatory framework. The speech occurs during a "dangerous new phase" of the post-2008 era, where the sovereign debt crisis in the euro zone began to intersect with existing fragilities in financial institutions.
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