The writer is a managing director at Frontline Analysts and the author of The Unaccountability Machine
Global bank supervisors are cautioning about heightened geopolitical risks while facing their own regulatory challenges, notably the delayed implementation of Basel III endgame reforms. With significant postponements in the EU and UK and uncertainty from the US, there are doubts about global cooperation in banking standards, which are already complex and outdated. As historical relationships among central bankers fade, banking regulation may shift back to local standards, potentially increasing regulatory burdens globally.
