Bumpy road to Basel. Banking regulation: precision v accuracy

Bumpy road to Basel. Banking regulation: precision v accuracy

Bumpy road to Basel. Banking regulation: precision v accuracy

Banks play an important role in the economy and need to be regulated. Safe, sound banks and a stable financial system are essential. Without this, the banking system would be unable to perform its basic functions well, such as financing economic development and poverty reduction. Nor would people have the confidence to use banks.