Capital Regulation

Commentary on capital regulation.

Journal Article

The paper by Martin F. Hellwig discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas the Basel Committee on Banking Supervision seems to go for marginal changes here and there, the paper calls for a thorough overhaul, moving away from risk calibration and raising capital requirements very substantially.


A slide presentation by Anat R. Admati, Federal Reserve Bank of Chicago 48th Annual Conference on Bank Structure and Competition on May 10, 2012.

Opinion Pieces

New York Times

It seems quite clear that some form of restructuring of Greek debt is inevitable. Since there are no legal or logistical impediments to crafting a rational plan, why the intense political circus around this crisis?