A broad brush on Basel: risk mitigation issues
By Celia Gardiner, Partner, Watson Farley and Williams
The Basel II regulatory capital regime has now been in full effect for around six months. Full implementation has coincided with turbulent times in the financial markets. Banks have therefore had to adjust to a new regulatory regime at a time when reduced liquidity has added majo
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June 2006: Too short-Sighted By Half by Vince Heaney
The law of unintended consequences is a powerful force and no more so than when short-sighted policymakers regulate only one half of a market. Take, for example, the California electricity crisis of 2000 and 2001. State legislators partially deregulated the California energy system expecting electricity prices to fall because of greater supply-
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