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Basel III: five truths about the journey ahead 

April 18, 2018

Global Trade Review, Shannon Manders

"Although the final Basel III package of banking reforms was agreed by regulators at the end of last year, the trade finance industry still has questions around the exact impact – and whether or not finality has indeed been reached.

In December, in what the industry has dubbed Basel IV, the Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), bridged the last remaining gap between regulators – particularly in the US and Europe – on the extent to which banks can use internal models to determine their capital requirements.

While industry players are pleased with the moderations that have been made, there are still some areas where they are calling for further reformation. A panel discussion at last week’s ICC Banking Commission annual meeting in Miami talked about the road ahead and unveiled some home truths – distilled here in five points."

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