Bundesbank's Dombret Confident in Reaching Basel Deal

The transcript discusses the Basel III agreement, emphasizing the need for a global consensus in banking regulation. It highlights Germany's position on output floors and the importance of risk sensitivity. The discussion also covers capital charges and the necessity of compromise in negotiations. The US's involvement and the timeline for reaching an agreement are also addressed, with a focus on achieving a quality outcome over speed.

Why is it important for the banking industry to have a global agreement on Basel III?

• To reduce the number of banks

• To ensure clarity and certainty in regulations

• To eliminate competition among banks

• To increase profits for banks

What is one of the key elements desired in the Basel III agreement?

• Increasing the number of banks

• Elimination of all capital charges

• Introduction of new banking products

• Maintaining risk sensitivity

What is the stance on capital charges in the Basel III agreement?

• Increase only for small banks

• Significant increase for all banks

• Complete removal of capital charges

• No significant increase in capital charges

What is a concern regarding the US team's involvement in the negotiations?

• The US team is too large

• The US team is not fully assembled

• The US team is not interested

• The US team is too aggressive

What is considered more important than speed in reaching the Basel III agreement?

• Having a good result

• Increasing the number of meetings

• Reducing the number of participants

• Eliminating all disagreements