End of Basel IV waiting on Trump to name negotiators
The ‘Basel IV’ output floor agreements, which regulators call the completion of ‘Basel III’, are stalled until US president Donald Trump's administration names negotiators to show up to committee meetings, according to two members of the Deutsche Bundesbank.
Speaking at the Institute for International Finance’s (IIF) G20 conference in Frankfurt, Jens Weidmann, president of the Bundesbank, and Andreas Dombret, a member of the executive board, laid the blame for the delay to the final rules at the door of the US.The Basel rules were originally ...
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