# Prof. Roy Smith on the impact of Basel III regulations on the banking industry

1 Faculty News February 20, 2015 ![Bankrate logo](/sites/default/files/styles/246w/public/assets/images/con_030934.jpg?itok=snzuY3k_)>

Excerpt from [Bankrate.com](http://www.bankrate.com/finance/banking/us-banks-more-stable-in-2014.aspx?ic_id=Top_Financial%20News%20Center_link_4) -- "'Safety and soundness is probably improving because banks are being increasingly required to do less risky things,' says [Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), but many of the regulatory changes made to accomplish that could end up actually harming the ability of major banks to survive over the long term."

[Read more](http://www.bankrate.com/finance/banking/us-banks-more-stable-in-2014.aspx?ic_id=Top_Financial%20News%20Center_link_4)