The poet of risk regulation

- Sarfraz Thind
- 06 Oct 2004

Central bankers are not expected to be conversant with the works of poets. But in a banking conference held in July in Madrid, Jaime Caruana, the chairman of the Basel Committee on Banking Supervision and governor of the Bank of Spain, quoted a passage from the poet TS Eliot, in presenting the hardships confronting the supervision committee over the implementation of the new Basel Capital Accord:

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