International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It’s a good idea, and one that would cushion the financial system from the next bust — if the rules weren’t being pushed so far into the future.
Continue reading Basel III? Basel Humbug: Why New Bank Capital Rules May Be Irrelevant
Basel III? Basel Humbug: Why New Bank Capital Rules May Be Irrelevant originally appeared on DailyFinance on Tue, 14 Sep 2010 11:44:00.