IIF attacks Basel III liquidity, SIFI rules
The Institute for International Finance has criticised the Basel III proposals, saying higher capital ratios for the biggest banks will increase moral hazard. It called for changes to liquidity rules and said it was worried about uneven implementation of capital requirements as national regulators try to gold-plate their banks.
The attack came in an open letter signed by the groups managing director Charles Dallara to finance ministers and central bank governors ahead of the IMF and World Bank annual meetings.
Dallara said the group was supportive of core Basel rules, but called for a rebalancing of regulatory
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