In mid September, the Basel Committee on Banking Supervision (see Update 63) released its “Basel III” rules. José Vinals, director of the IMF’s monetary and capital markets department praised the regulations as “a substantial step forward in addressing the micro-prudential failings in the areas of capital and liquidity buffers in banks”. However, independent commentators disagreed. Martin Wolf of the Financial Times says that “Basel has laboured mightily and brought forth a mouse. Needless to say, the banking industry will insist the mouse is a tiger.” He adds that trebling of capital reserves “sounds tough”, but “trebling almost nothing does not give one very much.”
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This briefing shows that multilateral governance is at risk if long-overdue IMF quota amd board reforms are not ratified.
This briefing analyses the "biggest investment boom in human history", examining elements of a new public-private partnership focused infrastructure investment model, including the role of the World Bank Group.
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