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Are Global Capital Rules Possible?

LONDON – What’s in a name? The final proposals for bank-capital rules were dubbed Basel 3.1, as if to suggest a minor tidying-up exercise – just...

Howard Davies

LONDON – It has now been more than 15 years since the white heat of the global financial crisis, when Lehman Brothers, Bear Stearns, and the Royal...

LONDON – Bank capital is back in the financial headlines. In late July, US banking regulators, led by the Federal Reserve, announced plans to...