In We’ll Always have Basel The Wall Street Journal reports on the work to raise capital standards to avert future bank meltdowns. One of the more interesting concepts is a “bail in”: The idea is to set very high capital
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George Melloan writes in The Wall Street Journal, The Lessons of Basel’s Bean Counters Summarized: In 1988 the banking regulators from 20 leading industrial nations of the International Monetary Fund met in Switzerland and created Basel I to create a
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