BUSINESS
11/11/2010 08:49 am ET Updated May 25, 2011

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

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.

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