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Not really, it has tons of flaws, some of which they are now trying to fix with Basel 3: http://en.wikipedia.org/wiki/Basel_III http://en.wikipedia.org/wiki/Ba
by zzleeper 13y ago
Not really, it has tons of flaws, some of which they are now trying to fix with Basel 3:
http://en.wikipedia.org/wiki/Basel_III http://en.wikipedia.org/wiki/Basel_III
- nikatwork 13y agoBasel2 is not perfect, but it's one million times better that what many banks were using previously (nothing). I work with banks so I've seen it firsthand. TFA was talking about how successful such systems have been in Sweden and Oz; let's hope Basel3 is even better.