From failure to failure: The politics of international banking regulation

  title={From failure to failure: The politics of international banking regulation},
  author={R. Lall},
  journal={Review of International Political Economy},
  pages={609 - 638}
  • R. Lall
  • Published 2012
  • Economics
  • Review of International Political Economy
  • ABSTRACT It is now clear that Basel III, a much discussed set of proposals to govern the international banking system drawn up by the Basel Committee on Banking Supervision, has fallen far short of its creators’ aims. Even more puzzlingly, this is not without precedent. Eleven years ago, partly in response to the Asian financial crisis of 1997, the Basel Committee attempted to overhaul global banking rules in order to enhance the stability of the global financial system. The culmination of its… CONTINUE READING
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