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hostage to fortune: why do we continue to ignore the biggest elephants in the...
There are no silver bullets or easy blueprints for fixing the convoluted financial system. The reforms pending in Congress, even after a brutal legislative process, will only address some of the...
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it’s about time
Many banking leaders have been whining incessantly about how proposed new capital and liquidity requirements will adversely impact GDP and reduce credit. This is an old canard raised by almost every...
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not so fast
Yesterday I noted that the Basel Committee and the Financial Stability Board had issued reports challenging the complaints of bankers that stricter bank capital and liquidity rules and demonstrating...
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what’s going on at Basel
Here is Planet Money (including our Duke Law alumna, Barbara Matthews) on what’s going on at Basel. This is more important than most realize because the rules being developed internationally will apply...
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“fallacies, irrelevant facts and myths”
Before anyone ever discusses the subject again, or listens to another banker bellyaching about how increased capital requirements will slow down economic growth and hurt everybody, he or she must read...
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eight years and bigger than ever: will Basel III help?
There is much positive publicity about the new rules agreed upon at the Basel Committee. And there is no doubt that on their face they are much stricter than the old ones, requiring banks to double...
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catching a will o’ the wisp in the mosh pit
Brooke Masters describes in today’s Financial Times how the original ambition of global regulators, in the midst of the Great Financial Crisis, to develop a unified and determined approach for...
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whose risk is it? bank capital, basel iii, and the bankers
This weekend the G20 Summit takes place in Seoul. The Basel III enhanced capital requirements (among other standards) come up for adoption. Even as seasoned present and former regulators, such as...
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whither financial globalization?
Yogi Berra advised that “when you come to a fork in the road, take it.” This is where globalization is going. The full significance of globalization sometimes still eludes us. It takes events, such as...
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