Is the United States reneging on international financial standards? 16/04/2020
Article
Bruegel - Brussels
2020
epidemic disease ; financial system ; standard
Financing and monetary policy
https://www.bruegel.org/2020/04/is-the-united-states-reneging-on-international-financial-standards/
English
"The new Fed rule is a material breach of Basel III, a new development as the US had hitherto been the accord's main champion. This action undermines the global order without being ostensibly justified by narrower considerations of US national interest."
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