Basel III's Widening Rift Will Hurt Global Bank Regulation The Basel III framework, designed in the aftermath of the 2008 financial crisis to provide a unified global standard for bank regulation, is fragmenting into three distinct regulatory models across the European Union, the United Kingdom, and the United States.
This divergence has significant implications for the stability of the global banking system.
The EU remains committed to maintaining robust capital requirements anchored firmly to Basel III standards, thanks in part to the ECB's resistance to industry pressure to weaken capital rules.