Comment: The benefits of Basel II's colleges
The Financial Regulator journal has not always been a fan of the new Basel accord. Even John Palmer, who as Canada's superintendent of financial institutions was at the conference table at its birth, admits that the accord has taken much longer to negotiate and proven far more prescriptive than first envisaged. US implementation remains uncertain and there is a battle brewing as the largest banks demand the capital reductions which their models now tell them they are due
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