After all, the first calls to reform the international banking rules were made directly after the crisis in 2008.7 This year, ten years on, we are finalising the last details of these reforms, which won’t all be fully implemented until 2028, 20 years on!
The existing reporting requirements of the banking sector did not allow for a full assessment of banks’ exposures to the structured products, leading to the absence of accurate and timely information. Are Basel II requirements sufficient concerning the sponsoring by banks of SPV? Is bank disclosure of securitization operations, and exposures to SIV adequate?