Share Price, page-1263

Found this comment regarding Basel 3

Gold: Shift Of Power From West To East

below are "Extracts"
Andrew Lane  | Jun 09, 2021 02:17AM ET
The importance of the June 28 for gold must not be underestimated. Whilst there is still uncertainty around The BIS delaying Basel III, for every day that elapses it makes prolonging it far more byzantine. This is further reinforced by Andrea Enria, one of the most senior individuals in the ECB who recently stated when quizzed on the subject:

“I am hearing calls for the initial date of implementation to be further postponed. Let me be very clear on this. We do not see any benefits in further delays.”

Banks have a lot more to pull into line to meet the deadline which for 100% clarity is 28th June 2021 for Europe, July 1 2021 for America, India NSFR is Oct. 1 2021, and the UK Jan. 1 2022.
 
However what the June 28 date does represent is the bigger picture and that is The BIS would have set the ball rolling for Europe, with the line in the sand being sufficient for ramifications for the LBMA to throw in the towel. Once the NSFR is implemented there is no turning back for London and its 95% unallocated shady paper trading games should come to an end towards the end of 2021.