ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Manipulating Basel III

The global banking lobby has managed to block structural reform aimed at averting another financial crisis as in 2008. It first stalled radical reform measures to restrict the activities of banks and break down institutions that were too big to fail. The focus then shifted to Basel III proposals that would strengthen capital requirements. But the global banks have now managed to dilute even the Basel proposals so as to make the changes currently on the table insubstantial.

HT PAREKH FINANCE COLUMN

structural reform and shifted attention to

Manipulating Basel III

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top