Regs Blamed For Role In Crisis

12 Apr 2012

Low risk weights assigned to mortgage backed securities and other regulations contributed to the recent crisis by prompting banks to hold similar baskets of assets, thus magnifying the crisis, according to Esther George, president of the Federal Reserve Bank of Kansas City.

Low risk weights assigned to mortgage backed securities and other regulations contributed to the recent crisis by prompting banks to hold similar baskets of assets, thus magnifying the crisis, according to Esther George, president of the Federal Reserve Bank of Kansas City. In a speech, George ...

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