Basel III’s shaky foundations and catching mice: Haldane in front of the Banking Standards Committee

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Basel III’s shaky foundations and catching mice: Haldane in front of the Banking Standards Committee

The Bank of England’s Andrew Haldane railed against Basel III in a parliamentary hearing on Wednesday, saying the rules do not work for investors, banks or regulators. In a wide ranging discussion that also touched on the concept of regulatory Swat teams, Haldane also highlighted imbalances in UK real estate lending.

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