Regulatory arbitrage could go far beyond Basel III

March 10, 2011

As reforms play out around the world, for instance in derivatives, there's also the possibility that entire business lines will migrate -- raising a whole new set of systemic risks.

Bank liquidity reform better delayed than diluted

January 4, 2013

Global supervisors are set to allow lenders more time to meet a key requirement to help them survive bank runs. Giving way on the deadline makes more sense than bowing to industry pressure to weaken the framework. And central banks can deal with any crises in the meantime.

U.S. has much to prove on new bank capital rules

September 23, 2010

American banks and regulators have a poor track record when it comes to adopting global capital standards. That is why many Europeans are right to be wondering whether the tough new framework known as Basel III, agreed by global regulators earlier this month, will again be deemed optional on the other side of the Atlantic.

Another Lehman will come — and should fail too

September 14, 2010

The blind self-belief of financiers can't be abolished. Neither can cycles in the industry. But two years after the disastrous failure of Lehman Brothers, regulatory shifts have the potential to reduce the impact of a repeat. The challenge for politicians and watchdogs is not to go soft.