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Capital Failure: Basel III Is Not The Success That The Group Of 20 Will Tout It To Be

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The Group of 20 summit for heads of government this weekend will apparently "hail bank reform," particularly as manifest in the Basel III process that has resulted in higher capital requirements for banks. According to leading authorities on the issue, however, the Basel process is closer to a disaster than a success.

Read the whole story at The New York Times

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