Faculty News
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    Prof. Matthew Richardson on the Basel III Accords and the Fed's capital proposal
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    Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”
    
  Faculty News
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              Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”