IMF Statement on Basel III Bank Capital Standards
IMF welcomed the finalization of Basel III capital standards. In this context, the IMF spokesperson Gerry Rice issued a statement in Washington DC: “The IMF welcomes the finalization of the Basel III reform package, which provides greater assurance that the key risks to which the banking system was exposed in the financial crisis are being suitably addressed, and urges national authorities to move swiftly to implement these reforms in a timely and consistent manner.”
Keywords: International, Banking, Basel III, Final Basel III Reforms, Capital Framework, IMF
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