Time to Set Banking Regulation Right

by Stefano Micossi and Jacopo Carmassi

Excessive leverage and risk taking by large international banks were the main causes of the 2008-09 financial crisis and the ensuing sharp drop in economic activity and employment. World leaders and central bankers promised that it would not happen again and, to this end, undertook to overhaul banking regulation, first and foremost by rectifying Basel prudential rules.

This study argues that the new Basel III Accord and the ensuing EU Capital...

• Format: Paperback
• Language: English
• ISBN: 9461381751
• ISBN13: 9789461381750
• Release Date: April 2013
• Publisher: Centre for European Policy Studies
• Length: 80 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.2" x 6.5" x 9.2"