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Lord Livermore (Lab)

Speaking in the House of Lords on 3 April 2025

Debate

Basel 3.1

Contribution

I am grateful to the noble Baroness for her comments. I wish her and the whole House a happy Easter as well. I continue not to agree with her on Basel 3.1’s impact. Basel 3.1 is an update to the Basel III regulatory framework, aimed at further strengthening bank capital requirements and risk management by refining the calculation of risk-weighted assets and enhancing transparency. I am not sure it is about what she is saying it is.

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