All in Accord?
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. Many have pronounced the Basel II rules dead, even though they only came into full force in Europe and parts of the Middle East and Asia from January 2008.
But
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