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  • Is Making All Banks Follow the Same Rules a Bad Idea?

    Standardization. Harmonization. Coordination. They all sound like good ideas. But in a lecture at Yale SOM, Roberta Romano, the Sterling Professor of Law at Yale Law School, argued that the convergence of banking regulations brought about by the Basel Accords may have had the unintended effect of fueling the financial crisis.

    Is Making All Banks Follow the Same Rules a Bad Idea?