Basel III may have contributed to a post-crisis decline in lending from US and other global banks to developing economies, Third World central bankers and international researchers said.
The 2017 bank capital standards, which should be reviewed, have been “developed primarily with large cross-border banks in advanced economies in mind,” said the Center for Global Development report released last week.
The think tank's report also called on the Switzerland-based Basel Committee on Banking Supervision to open its deliberations to more small and less-developed countries.
Basel III may fuel US banks’ lending decline in Third World, central bankers say
29 April 2019 6:36pm