Basel II is dead, long live Basel III

Editor's blog

The big news this week is that regulators appear to be in agreement that the Basel II model has not been working as they intended and all the signs are that large-scale reform of the capital requirement regime is coming. This coincides with politicians' call for more international financial regulation. Now although most admit that creating a global regulator is a pipe dream, Basel II has proven that international regulation can be done. The sense remains that regulators and governments are still

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