Capital Adequacy and Liquidity: the Devil is in Their Detail
As Martin Wolf, the Financial Times economist, said on February 5, 2008, ‘unless we learn from this crisis, another one will put the world economy back on to the rocks in the not too distant future’. This is no time for tunnel-visioned ideologies. It is a time for pragmatism based on experience gained through the most recent and previous crises.
KeywordsCredit Rating European Central Bank Capital Requirement Global Risk Trading Book
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