Note: Translated from Spanish using Google Translate.
By Danielis Fermín
From the article:
The director of the Center for Global Development (CGD), Liliana Rojas Suárez, explained that in order to design regulation and complementary measures for the adoption and adaptation of Basel III in Latin America, one must take into account "the high macroeconomic volatility and that the capital markets are underdeveloped."
In addition, the "inability to issue hard currencies and governance problems, both in the public and private sectors".
During her presentation, "Basel III: Challenges for bankers and regulators in emerging countries and Latin America," she noted that "these characteristics should be the guide to the principle of proportionality in the application of international regulatory standards in Latin America and other emerging countries."
Read the full article here.
