Title: Time to Set Banking Regulation Right
Description: 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. The author proposes the calculation of capital requirements without risk adjustment and creation of a system of mandated action by supervisors modeled on the US framework.
Subjects: Banking law, europe, Banks and banking, europe, Bank capital, Banks and banking, Risk management, State supervision, Banques, Contrôle bancaire, Finances internationales, Réglementation, Risques financiers, Banking law, Law and legislation, Basel III