Monday, September 13, 2010
Problems with the Basel 3 agreement
This article looks at the problems with the recent Basel 3 accord. this is important because it is setting out the bank capital rules which have a lot of implications for the banks and hence our economy goping forward. I notice that the banks are already saying that they will raise the price of credit to compensate. As ever there are many good comments including ones which wonder if the banking sector will hit trouble again before these rules come into operation in 2019.