Comments from the perspective of Basel III on the report of the Financial Stability Board (FSB) concerning potential unintended consequences of the current programme of regulatory reforms on emerging market and developing economies

Andrew Cornford, Observatoire de la Finance, Geneva, August 2012.

Introduction

Most – but not all – the key points and qualifications concerning the results of the survey on which this FSB report[1] is based are contained in the document’s own conclusions. These are as follows: