1. A brush with Basel.
- Subjects
- *
BANKING industry , *CAPITAL requirements , *FINANCIAL crises , *INTEREST rates - Abstract
The article focuses on the regulatory efforts to enhance the safety of the banking system, proposing a 16 percent increase in high-quality equity capital requirements for banks, among other changes. It discusses the potential impact on banks, particularly highlighting the need for such measures, the potential resistance from the industry, and the benefits of having larger safety buffers to prevent economic catastrophes caused by banking crises.
- Published
- 2023