Basel III, the Dodd-Frank Act (in the US, 2010) and the Vickers Commission reforms (in Britain 2011) seem to provide a quantum leap step towards an increased credibility of banking regulation. On the contrary, however, they postpone some key regulatory issues, and leave open the door to the devil of financial regulation: the politicians.
KeywordsCentral Banker Swiss Franc Banking Crisis European Bank Interbank Market
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