Europe relaxes Basel III trade finance rules
Apr 29, 2013
Basel’s unwanted Christmas present
Banks are crying foul over "Basel IV" standards released over Christmas - a familiar claim, reoccurring at a worrying pace.
At the behest of the G20, on December 22 the Basel Committee on Banking Supervision (BCBS) released plans, wryly dubbed “Basel IV”, to revise bank capital requirements. The unwelcome Christmas gift could lead to increased funding costs for the corporate sector.
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