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 ca...
Senator Shelby was just as astute when Basel II was before the Committee.
We do not have any legal obligation. It is not a treaty.
And that is something that we have had in the United States, but this is a new aspect for Basel III for the whole commun...
One of the flaws with Basel II was that there was a great deal of reliance on internal risk models, that banks were esse...
Try to prioritize changes that are the least disruptive and the most effective, and that is always good advice.
I would like to be able to, with the concurrence of my colleague, Senator Crapo, do additional hearings.
I think, again, just to say, this is an issue that will not go away.
Are our markets still fair? Is everyone playing by the same set of rules?
But our marketplace has been evolving very quickly and it is not clear that our rules have kept up.
Most of us consider American capital markets to be the best in the world.