Is Basel Faulty? Bank Regulation Is Still Built on Shaky Foundations


In the wake of the 2008-2009 financial crisis, financial institutions in general, and banks in particular, have faced a heightened regulatory scrutiny, a more muscular and intrusive style of supervision, and substantially more onerous capital and liquidity requirements. Some institutional changes, such as the enhanced role given to Central Clearing Counterparties, have revolutionized the environment in which important financial contracts are executed. Whilst this is not the place to [...]