In an interview with Knowledge@Wharton, Wharton finance professor Richard J. Herring discusses the reasoning behind the new capital-adequacy requirements in Basel III, some shortcomings and how the financial services industry will begin to cope with it.
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This will have minimal impact on Asian banks, but not the US & EU banks for sure. Eventually, US & EU banks will have to lower their leverage down to a level close to the Asian banks.
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Let it all out!!!