Despite the various reforms of prudential banking regulation from 1989 to 2002, and the substantial addition of new …

The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … the individual bank or for the system as a whole. Objections to substantial increases in capital requirements rest on … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation. -- financial …