In the wake of the global financial crisis of 2008-2009, governments in every developed country applied new forms of financial regulation, and now their attention has shifted to international regulation. One of those trans-national efforts involves applying a new layer of global capital...

In the wake of 2008-2009 global financial crisis (GFC), governments in most developed countries adopted new forms of financial regulation; more recently their attention has shifted to international regulation. One trans-national effort involves applying new global capital requirements to...