According to the Employee Benefits Survey of the Department of Labor, the percentage of private industry workers participating in defined contribution plans has increased from 36 percent in 2000 to 43 percent in 2006. In the United Kingdom, too, there is evidence of a further shift from DB to DC schemes, in line with the findings of the Turner Report.
In fact the build-up to the crisis occurred under the old Basel I capital rules: most global banks did not even implement Basel II until after the crisis had begun. US banks are still not using it. Basel II is not perfect but it addresses some of the shortcomings of Basel I that were identified by the financial crisis.