Economics, London WC2A 2AE, UK; Tel. +44-207-955-6056; e-mail: j.danielsson@lse.ac.uk; www.riskresearch.org An Academic Response to Basel II Executive Summary It is our view that the Basel Committee for Banking Supervision, in its Basel II proposals, has failed to address many of the key deficiencies of the global financial regulatory system and even created the potential for new sources of instability. In this document we present the following arguments: • The proposed regulations fail…
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