Political Quotes

Jack Reed: “One of the flaws with Basel II was that there was a great deal of reliance on internal risk models, that banks were…”

On the recordNovember 13, 2012
One of the flaws with Basel II was that there was a great deal of reliance on internal risk models, that banks were essentially grading themselves on their capital.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed critiques Basel II for allowing banks to self-evaluate their capital.

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