Karen Shaw Petrou’s memorandum to Federal Financial Analytics clients on how Basel blessed Russia and thus damned its capital framework. TO: Federal Financial Analytics Clients FROM: Karen Shaw Petrou DATE: March 18, 2016 How Basel Blessed Russia And Thus Damned Its Capital Framework Over the past year or so, the Basel Committee addressed the growing cacophony of the global rulebook not by simplifying standards or – God forbid – considering their cumulative impact, but rather by trying to standardize the capital rules so that bank models and national discretion make nary a dent. We have analyzed Basel’s various standardization initiatives, providing…
How Basel Blessed Russia And Thus Damned Its Capital Framework
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