Basel III likely will be a "minimum" standard, an insider says

10/21/2010 | Washington Post, The

Stephen Cecchetti, an economist who has been working with the Basel Committee on Banking Supervision, said financial institutions and their shareholders likely will want to set higher capital standards for themselves, using Basel III rules as a "minimum" standard. "A prudent manager together with shareholders would surely want the bank to have their own discretionary margin" in excess of Basel III, Cecchetti said.

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