Basel's New Leverage Ratio: One Step Forward, Two Steps Back - Repost

It has become an old refrain. The Basel Committee on Banking Supervision proposes guidelines to improve banking sector safety. Banks and their lobbies with vast resources mightily fight back. The Basel Committee – which, due to its large, diverse membership, is highly politicized – weakens its proposed guidelines. 

This is a repost from the post of Mayra…