If we go back to the aftermath of the Global Financial Crisis of 2007-8, governments wanted to make sure banks couldn’t put the economy in the same situation again. The Basel II bank capital regulations had proved hopelessly inadequate, and Basel III was devised to increase capital requirements and liquidity.
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If we go back to the aftermath of the Global Financial Crisis of 2007-8, governments wanted to make sure banks couldn’t put the economy in the same situation again. The Basel II bank capital regulations had proved hopelessly inadequate, and Basel III was devised to increase capital requirements and liquidity.