Banks

Even if its goals are laudable, a tough regulation always generates perverse effects. Such is the case with Basel III, and it’s a shame, because it’s the solidity of our banks that is concerned.

Incredibly, banks’ wishes have come true in the very first week of 2013 ! Should we rejoice ? Well, not really, because one of the main dispositions of Basel III, where prudential norms of the world banking sector are being discussed, has been emptied of its substance. The crisis of 2008 has sho...