Bloomberg View: Basel III's Bedeviling Complexity

When it comes to international banking rules, the simpler the better
The European Central Bank's new headquarters, still under construction, right, stands beyond a rail bridge spanning the River Main in Frankfurt Photograph by Simon Dawson/Bloomberg

More than four years after a financial breakdown plunged the world economy into the worst slump since the Great Depression, efforts to build a stronger global system of bank regulation are barely inching forward. Regulators seem overwhelmed by the complexity of their own reforms. To make faster progress toward a safer system, governments must aim for greater simplicity.

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