Beyond Basel and the Dodd-Frank Bill
Recently, the U.S. government passed a major financial regulatory overhaul known as the Dodd- Frank bill. Soon thereafter, the Basel Committee revised its capital standards to boost minimum tier one equity requirements for banks over time.
The stated purpose of the U.S.'s Dodd-Frank financial regulatory reform bill, and the Basel reforms, was to fix the problems that came to light during the recent financial crisis. Do these reforms address those problems?
Calomiris, Charles. "Beyond Basel and the Dodd-Frank Bill." Shadow Open Market Committee and e21, October 12, 2010.
Date: 12 10 2010