Basel norms – No guarantee of financial stability

9-2-2006

Businessline

Like Keynes’ prescriptions, which, however well meaning, could bury the unwary countries in a mountain of public debt, Basel norms could have a long-term debilitating effect on the savings and investments markets and lead to potentially harmful consolidation in banking sector. Its larger-than-life `saviour of the financial systems’ image seems largely undeserved

Read on…

http://www.thehindubusinessline.com/todays-paper/tp-opinion/basel-norms-no-guarantee-of-financial-stability/article1724331.ece

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