Greenspan says Basle II could reduce extremes of business cycles


CHICAGO, ILLINOIS -- The Basle II bank accord, by accelerating the adoption of more formal, quantitative risk-management techniques, is likely to help reduce any tendency for bank lending policies to reinforce business cycles, US Federal Reserve Board chairman Alan Greenspan said in May.

Enhanced risk management, as embodied in the principles of the complex, risk-based Basle II bank capital adequacy accord, will tend to flatten cyclical lending patterns by increasing the ability of banks and

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