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Austrian National Bank: Basel III Will not Start in 2013
Politics ♦
Published: November 21, 2012; 16:51 ♦ (Vindobona)
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According to OeNB, the implementation cannot take place by the beginning of next year.
Austrian National Bank: Basel III Will not Start in 2013 / Picture: © OeNB
OeNB explains that the new equity requirements cannot be put into force in 2013. Substantial implementation regulations are still missing, Deputy Governor Wolfgang Duchatczek said. As a result, it would be unrealistic to say that Basel III can be started by the beginning of 2013, he added.
Regarding the banking union, the implementation regulations will be resolved at the Ecofin…
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