In Accord?

Many have pronounced Basel II dead, criticising it for failing to prevent the banking crisis. Alexander Campbell talks to Klaas Knot, one of the leading members of the committee that drew up the regulation, about why he still feels it has much to offer


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. 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 one of the

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