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Subjects / Liquidity

Newsletter November 2012: Regulators made “mistake” in Basel II construction

Simon Turmaine | November 8, 2012

TOKYO – Adair Turner, chairman of the Financial Services Authority (FSA), Britain’s financial watchdog, has admitted that regulators “made a mistake” when they moved bank capital regulation from the Basel I regime to Basel II, in 2007-08, without maintaining minimum risk weights for assets. The riskiness of a bank’s assets determines how much safety capital it must hold under the international prudential standards set by the Basel Committee.

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