Are the current risk-based regulations designed by the Basle Committee on Banking Regulations and Supervisory Practices in 1988 strenghtening the international banking system by making it more equal? Or, are the regulations simply raising the cost of capital? This book offers rigorous insights from Princeton international finance professor Ethan Kapstein, Washington, D.C., attorney Thomas Stanton, the Bank of England's Andrew Bailey, Kemper Financial chief economist David Hale, and many others.
