Press Release No. 17/475

IMF Statement on Basel III Bank Capital Standards

December 7, 2017

IMF spokesman Gerry Rice issued the following statement today in Washington D.C.:

“The IMF welcomes the finalization of the Basel III reform package, which provides greater assurance that the key risks to which the banking system was exposed in the financial crisis are being suitably addressed, and urges national authorities to move swiftly to implement these reforms in a timely and consistent manner.”