Basel2 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

Basel2 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.