Bank for International Settlements chief economic adviser: strengthening banking supervision is not a "doomsday".

<P> Banks are exaggerated they may face in the next few years, the impact of regulation on the economy, to study the international impact of these regulatory economist of British "Financial Times" said so. .</ P> <P> in the bank on June 10 before launching his own lobbying activities, Bank for International Settlements (BIS) chief economic adviser, Stephen • Qiekai Di (StephenCecchetti) launched violent pre-emptive attack on the bank. .He said the bank's "doomsday prospect" is based on their assumption - that "the smallest act in its own adjustments to make the case, these adjustments cause the biggest change wrought by the greatest impact." .</ P> <P> "They are assuming that he is not fully adjust their business regulatory reform, the economic impact of the reform will be the worst of all possible." </ P> <P> Qiekai Di .entrusted with the assessment by the Basel Committee on Banking Supervision (BaselCommitteeonBankingSupervision) and the Financial Stability Committee (FinancialStabilityBoard) is responsible for the "Basel III" (BaselIII) the economic impact of the reform. .He insisted that to require banks to increase capital, and enhanced ability to deal with unexpected financial needs of the restructuring costs "is not high." .</ P> <P> Although the assessment is still in progress, but Qiekai Di said his sense is that "reform of the Basel Committee's net impact on economic growth is negligible," and fully in the normal range forecast errors .inside. .Within the relevant time he was on the level of global output, the average economic forecast error below 0.5%, well below the estimated level of the banking sector - the banking industry estimates that the global economic contraction may make supervision by 5%. .</ P>.