BBC News: Bankers try to learn crunch lessons
BBC News: Bankers try to learn crunch lessons And I promise not to violate human rights or lie any nations into war either.
Dr Ackermann said the industry has undergone “dramatic changes” in recent years including globalization and the growth of structured products that have spread risk but they have not improved stability.”It’s a very complex issue. It involves risk management rating agencies, accounting principles, “market architecture” and business models. We need to analyse the situation thoroughly.
“If there are clear deficits in certain areas, for example, in the case of mortgage originators in the US, then some more regulation may be needed. But overall, I think the current regulatory framework is strong enough. Basel 2 is an important step in the right direction.”
Original post by lvmreader
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