Basel II Fixes Fail to Grasp Full Scope of Banking Crisis

A series of ad hoc fixes to the ambitious (and controversial) Basel II international banking regulations suggest the Basel Committee on Banking Supervision and International Organization of Securities Commissions is not fully addressing the risks facing the global banking system, in Oxford Analytica’s view.

As a result, unilateral regulatory moves in some countries are undermining confidence in the Committee, OxAn says in Basel reform agenda highlights flaws.