Part 7/10:
Furthermore, political shifts influence the pace and scope of Basel III implementation. Recent moves in the U.S.—such as regulators like the Fed and FDIC pushing for less stringent rules—indicate that the final form of these regulations might be significantly different from initial proposals.
The Political and Global Context
The current geopolitical climate, characterized by tensions and fractured international cooperation, complicates efforts at global standardization. Differences in timing, emphasis, and enforcement can lead to inconsistencies, which, in turn, pose risks to overall financial stability.