Bank Supervision: Bye Bye Basel?

“Less is more”: under this motto, at the recent banking symposium in Jackson Hole[1], Andrew Haldane has openly advocated to dismantle the regulatory skyscraper of Basel 3 (the international accord on bank supervision) to replace it with a much narrower set of simple rules. This caused uproar in the financial industry[2], as Haldane is executive […]