German official urges full Basel III implementation

Andreas Dombret, a senior official at Germany's central bank, has rejected arguments that Basel III rules are too complex, as he advocated for implementing them in full. "We need to strike a balance between risk sensitivity, simplicity and comparability," Dombret said at a seminar in Austria. "The spirit of the Basel rules, particularly regarding risk sensitivity, should not be compromised, nor must their full implementation be called into question."

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