Political Quotes

Richard Shelby: “The poor record of Basel I, II, and II.5 is that of a system fundamentally flawed. Basel III is a continuation of these…”

On the recordNovember 13, 2012
The poor record of Basel I, II, and II.5 is that of a system fundamentally flawed. Basel III is a continuation of these efforts, but with more complexity.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby critiques the Basel framework's complexity and past failures.

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