For Volker Wieland Basel III rules are "definitely an improvement" ("Associated Press")

According to Volker Wieland, the agreement of banking regulators on the new Basel III rules is "definitely an improvement" with respect to financial stability. The new rules "reduce the risk and severity of financial crises coming from banks", he said in an interview with the news agency Associated Press.

The new system of rules "prevents the banks from calculating down the risks too much," Wieland said. The percentage of capital buffer a bank has to keep depends on the risk involved. 

With the so-called Basel III agreement, the oversight board of the Basel Committee on Banking Supervision finished its yearslong work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises.

Associated Press: "Years after Lehman: Final rules set on strengthening banks"
(Washington Post, ABC News, Business Insider)