Implementation of Basel III in the US will bring back the regulatory arbitrage problems under Basel I
Takeo Hoshi, 23 December 2012
Rejigging financial regulation is in vogue. But, in the world of international finance, how well do different regulatory systems join up? This column argues that the US Dodd Frank Act and Basel III are, in part, incompatible and that harmonising them may lead to unintended consequences. The US ought to tread carefully here but should also try hard to maintain the spirit of better financial regulation.
Full Article: Implementation of Basel III in the US will bring back the regulatory arbitrage problems under Basel I
Implementation of Basel III in the US will bring back the regulatory arbitrage problems under Basel I
Takeo Hoshi, 23 December 2012
Rejigging financial regulation is in vogue. But, in the world of international finance, how well do different regulatory systems join up? This column argues that the US Dodd Frank Act and Basel III are, in part, incompatible and that harmonising them may lead to unintended consequences. The US ought to tread carefully here but should also try hard to maintain the spirit of better financial regulation.
Full Article: Implementation of Basel III in the US will bring back the regulatory arbitrage problems under Basel I
