The Basle Accord of 1988, while it was critical to reversing the decades-long decline in bank capital ratios, has come under frequent and strong attack in recent years, both by regulators and those that are regulated.
Central  3  See, for example, Bernanke (2016), ‘What tools does the Fed have left? Part 3: Helicopter money’, Brookings Institution, 11 April. BIS central bankers’ speeches  5  banks must of course do what they can, consistent with their mandates, and they continue to explore options.