American Banker
July 16, 2013
Due to the extremely negative influence that leveraged banks had on the global economy in 2008-09, the 2010 Basel III reforms included a leverage ratio for the first time in the Basel Accords’ history. Yet, a wide range of academics, regulators and financial reform advocates such as myself have felt that the Basel III leverage ratio of 3% is too low for globally systemically important banks…Read More