-Bank of Italy proposes deviation from Basel III for banks in the country.
Global Banking News - 13 November 2013
The Banca d'Italia has proposed a deviation from the Basel III rules for banks in the country.
The deviation would allow domestic banks to exclude some government bond volatility while calculating tier 1 capital. The move is not the first, as the bank of Ireland has also proposed a deviation earlier.
The European Union's version of the rules has extended the option to national supervisors, allowing them to ignore some of the Basel text. Analysts have however warned of pitfalls in allowing such a clause.
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|Publication:||Global Banking News (GBN)|
|Date:||Nov 13, 2013|
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