Resources for Basel II Capital Accord (Basel II)

Basel II may not be enough to calm fears

www.ft.com

It has become fashionable to talk about the recent credit crisis. Unfortunately, that statement is wrong on two counts. Recent implies past; this crisis is ongoing. And second, what has been labelled a credit crisis is really a lot more serious: it represents the collapse of the alternative banking system.

Now, with the imminent introduction of new banking rules under Basel II, there is a chance that things may become even more complicated. To understand this we should remind ourselves of the genesis of this crisis.

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