Avoiding the ‘Basel cliff’

Avoiding the ‘Basel cliff’

January 12, 2013
Originally published in Financial Post

John Berlau of the Competitive Enterprise Institute in Washington has called the global bank rules the “Basel cliff” that could decimate many U.S. banks. Banks in Europe and the United States, faced with Basel III requirements, have already been forced to sell assets, curb lending and reduce their operations to meet Basel capital and liquidity requirements. There was much more to come.