Faculty News
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Prof. Matthew Richardson on the Basel III Accords and the Fed's capital proposal
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”
Faculty News
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”