New banking rules. Is it a solution or a new problem?

William Dudley

Now while the economy seems to be recovered after a long period of recession, new rules, known as ‘Basel 3’, are imposed to the private-sector banks. These rules were made in a way to protect big banks for new debt problems.  Even though some bankers argue that these rules include additional costs and slow down the economic recovery. Though Mr. Dudley, who is the president of the federal reserve bank, reassure us that these costs are far too much exaggerated and cause no problems at all.

Tom Robberechts 


Wall Street journal