Banks should get involved in Basel III negotiations, official says

05/28/2010 | Risk.net (subscription required)

José María Roldán, chairman of standards implementation at the Basel Committee on Banking Supervision, said banks should stop fighting Basel II reforms, known as Basel III, and get more involved in negotiations regarding the transition period for the requirements. "The problem we have is that the industry is still fighting the long-term equilibrium and they are not ready yet to talk about transition," he said. "My message to the industry is to stop fighting and concentrate on negotiating the transition."

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