Klaas Knot

One of the architects of the Basel II Accord - and a senior Dutch regulator - defends the framework against criticisms that it was ineffectual in the face of the recent banking turmoil

Should the Basel II framework become one of the casualties of the crisis that has gripped financial markets? The updated rules on regulatory bank capital have been widely criticised as having done little to halt the disaster, with governments across the globe forced to inject vast amounts of capital into financial institutions in October.

But one of the leading members of the committee that drew up