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Basel II proved to be inadequate, so are the new rules really too severe - article by Robert Jenkins
Published by The Independent on 27 April 2012
Banks take risks. When more risks go right than go wrong, the result is a profit. At other times a bank’s equity capital absorbs the losses. If there is not enough capital there is one less bank – or one more call to the taxpayer.
Basel II proved to be inadequate, so are the new rules really too severe - article by Robert Jenkins