Banking groups are arguing that international post-crisis regulation has restricted investment in economic infrastructure such as power, water, roads and Internet access.
The Global Financial Markets Association and the Institute of International Finance urged the Financial Stability Board to re-evaluate its recent finding that capital standards haven’t harmed infrastructure finance.
Basel III standards have had “a disproportionate impact” on the availability of these funds because they can limit banks’ “ability to adopt a long-term view for financing projects,” the groups said in a letter.
FSB should re-assess finding of Basel III’s neutral impact on infrastructure finance, banks say
15 September 2018 12:26am