A theologian picked up the flavour of the debate, likening the arguments in The Wall Street Journal to his own specialisation: “Behind descriptions of market reforms, monetary policy and the convolutions of the Dow, I gradually made out the pieces of a grand narrative about the inner meaning of human history, why things had gone wrong, and how to put them right.
The revision of micro prudential regulation – Basel III The recent agreement reached on the Basel III framework and its full endorsement by the Group of Central Bank Governors and Heads of Supervision is an important piece of work that delivers on global financial reform and constitutes a cornerstone of the new regulatory system.