More finger pointing in the US

Editor's blog

There is still a lot of head scratching and finger pointing in the US concerning the subprime crisis and ensuing credit crunch, most of it focusing on inadequate risk management practices at financial services firms. A further fallout has also been the general upswing in Basel II bashing on both sides of the Atlantic, most of it from the mainstream press and a certain regulator who has consistently argued that the Accord is insufficient. But it cannot be denied that there was a serious failing

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