Time to Set Banking Regulation Right by Stefano Micossi (9789461381750)

Description - Time to Set Banking Regulation Right by Stefano Micossi

Excessive leverage and risk taking by large international banks were the main causes of the 2008–09 financial crisis and the ensuing sharp drop in economic activity and employment. World leaders and central bankers promised that
it would not happen again and, to this end, undertook to overhaul banking regulation,first and foremost by rectifying Basel prudential rules.

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