Political Quotes

Jack Reed: “Indeed, but one of the problems which I think we mentioned with Basel II was that banks were--they were categorized, but…”

On the recordNovember 13, 2012
Indeed, but one of the problems which I think we mentioned with Basel II was that banks were--they were categorized, but they were the ones who were essentially evaluating their capital status.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed emphasizes ongoing issues with banks evaluating their own capital under Basel II.

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