Risk USA: SEC adoption of Basel II "allowed 30-to-1 leverage"


The Securities and Exchange Commission's (SEC) capital treatment for US securities firms under the Basel II accord permitted investment banks to massively over-leverage their balance sheets, setting the stage for financial collapse as the housing bubble burst, Risk USA has heard.

Addressing delegates in New York, Hal Scott, president and director of a Cambridge, Massachusetts-based research group, the Committee on Capital Markets Regulation, stated that, rather than finely calibrating risk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here