Basel II is a bonus for economic stability, says Greenspan

Better management of banking risk and new rules on capital hold the promise of a stronger banking system that will contribute to economic growth, according to US Federal Reserve chairman Alan Greenspan.

Speaking at the American Bankers Association annual meeting in New York, Greenspan specifically credited the proposed Basel II rules for global banking capital requirements as a bonus for economic stability. He said the improving bank practices – coupled with the new rules – hold out the hope of a safer and stronger banking system contributing to a more stable economy.

Greenspan, who described the US banking system as “strong, vibrant and profitable”, said it had come through the perilous

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here