European Central Bank Governing Council member Vitor Constancio said Wednesday the implentation of Basel II capital rules had led to excessive risk-taking by banks. "Basel II we can say today was an error," Constancio said in the Portuguese parliament.
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Basel II allows banks to match their capital levels more closely to individual risk profiles than previous regulations had allowed
Wednesday, June 17, 2009Posted by "H" Forex Maker at 5:09 AM
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