A capital suggestion
To prevent another financial crisis, should regulators introduce more of the same – that is, greater capital requirements – or should they take a completely different approach and address corporate culture and behaviour instead?
“The main goal of these reforms is to make crises less likely in the future. The most comprehensive proposal to reduce the likelihood of individual bank failures is the reform of capital requirements within the Basel II framework. This is based on the assumption that, for the individual institution, capital requirements are the central buffer against losses. However the crisis revealed the overall
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