Fractured consensus


The dispute between the US and many of its allies over Iraq has eroded US commitment to multilateralism and damaged the credibility of multilateral institutions. How will this affect Basel II?

Regulatory capital rules do not merit comparison with war. But the failed efforts at collective diplomacy over Iraq may put the global consensus needed to achieve the Basel Committee’s goal – a universally applied regulatory regime – out of reach.

US bank regulators are now saying they’ll “go it

To continue reading...

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 indvidual account here: