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Dave Scrimshaw's avatar

"they were building their own prison too…" in hell.

Doreen's avatar
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Is anyone doing a deep dive into the impact of Basel III on Canada and Canadians? https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/liquidity-adequacy-requirements-lar-2027-chapter-2-liquidity-coverage-ratio

Basel III was made by the Bank for International Settlements (BIS). Its essence is in the following: BIS runs the IMF, and this, in turn, runs central banks of all countries. The body of such control is called BCBS – the Basel Committee on Banking Supervision. BCBS outlined transitional arrangements from 2017 to 2028 to provide banks sufficient time to adjust their operations and practices to comply with the new standards.

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