Financial regulators’ doubts about the prudential regime
The conference of the London School of Economics' financial markets group on 18 October showed how far bankers and regulators are, even by their own admission, from constructing a satisfactory prudential regime - that is, one that has a reasonable prospect of delivering a more resilient financial system. European banking leaders pointed out that in some crucial respects the parts of the regulatory regime that will be brought into force, such as the steep increase in capital requirements, could
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