Are Dangerous Gaps Forming in Basel III Implementation?

Are dangerous gaps forming in the Basel III implementation in the US and EU? Bradley Sabel, a partner and co-head of the Financial Institutions Advisory & Financial Regulatory practice group at Shearman & Sterling LLP, believes so. Sabel believes that differences between the way in which Basel III standards are being put in place in the US and EU may "have a profound impact on the relative competitiveness of US and EU institutions as well as the product mix that banking institutions will offer to customers and the types of debt and equity instruments sold to investors." In his October 9, 2013 post on the Harvard Law School Forum on Corporate Governance and Financial Regulation, and in a recent client memorandum, Mr. Sabel lays out just which differences in Basel III implementation are cause for concern.

Wednesday, October 9, 2013/Author: David Schwartz/Number of views (5587)/Comments (0)/
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