Back to Basel Ⅰ… why take the risk?

摘要

"I had a nightmare we are going back to Basel Ⅰ." These are not my words nor the product of an over enthusiastic headline writer, but the working title the CEO of Credit Agricole, Philippe Brassac, gave to an exclusively written article in this month's issue of The Banker (page 138). Mr Brassac explains in detail how if Basel moves away from the current system of risk-weighted assets determined by individual banks, and back to the more rigid system of the past, lending activity will be badly hit.