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Implement Basel rules swiftly, top EU banking supervisor Buch urges

By Jean Comte ( September 2, 2024, 16:17 GMT | Insight) -- Claudia Buch, the chair of the supervisory board of the European Central Bank, told EU lawmakers today that it is crucial to implement "without further delay" the last rules agreed by the Basel Committee on Banking Supervision. The comment comes as the European Commission suggested pushing back the entry of rules on market risks for one year — something Buch believes to not be necessary.The latest Basel rules should be applied with no further delay, the head of the European Central Bank's branch for banking supervision, told the EU Parliament's committee on economic affairs today....

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