1st Question: There is a view that it was actually the risk sensitive framework of Basel II that caused the crisis. Is that view valid? 5. This question does not admit of a binary answer. If I were to give a short answer, I would say that the view is valid, but only partly so. Let me explain. 6.
Banks and society in a changing time: why we need broad dialogue Bundesbank symposium 2023 – Banking supervision in dialogue 05.07.2023 | Frankfurt am Main | Claudia Buch  Check against delivery. 1 The economy is undergoing structural change which is impacting on the real economy and financial sector alike.