Last month, the Basel Committee put forward new bank capital rules to central banks. The aim: to make banks resilient enough to avoid collapse, and to set forth guidelines for banking regulations. Felix Salmon shared some of the details in this post for Reuters. And in the following interview from Knowledge@Wharton, Wharton finance professor Richard J. Herring outlines what he thinks the Basel Committee was trying to accomplish, where he thinks they came up short, and how he expects the financial services industry to react:
Posted
10-04-2010 11:30 AM
by
Graham Griffith