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7/19/18 - Stacy Coleman on the BCBS 239 Compliance Timeframe

Promontory Managing Director Stacy Coleman was quoted in a Risk.net article about the Basel Committee on Banking Supervision’s standard number 239.

While some regulators think banks are taking too long to implement the standard, others believe the original three-year deadline for implementation was too short.

“I thought five years was more realistic,” said Coleman, who was a member of the Basel Committee that drafted the principles.

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