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Monday, September 20, 2010

Impact of International Banking Regulations

When regulators from around the world get together to agree on new rules, that's usually a good signal to be worried. After all, the results that can usually be counted on are increased costs, and unintended negative consequences.

Banking regulators getting together in the Swiss city of Basel offered new banking rules covering the 27 nations in attendance. The focus was on upping capital requirements for banks in order to stave off future financial meltdowns, like the one suffered in 2008.

Unfortunately, however, the premise is all wrong...

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