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How will Basel III impact GCC countries? BNY Mellon discusses in Cash and Trade

In a commentary piece for Cash and Trade, Mark Fenner, Head of Developing Markets EMEA at BNY Mellon Treasury Services, approaches the topic of Basel III to discuss its potential impact on banks and international trade. In particular, he writes of how the GCC (Gulf Cooperation Council) countries will meet the requirements of the regulation, due to be implemented in January 2013. Unlike banks in the West, he writes, those in the GCC have emerged from the 2008 crisis relatively unscathed and seem better placed to meet Basel III’s terms – although this by no way means that it will be a worry-free adjustment.

To read the full article, please click here (please note, this link lies behind a paywall)

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