BoE official says Basel III would address risk strategies:

07/14/2010 | Bloomberg

Andrew Haldane, executive director for financial stability at the Bank of England, said regulators aim to put an end to "miracle" returns from taking on too much risk. "At the height of a boom, both regulators and the regulated are prone to believe in miracles," said Haldane, who is also a member of the Basel Committee on Banking Supervision. "Regulatory measures are being put in place to block off last time's risk strategies, including through recalibrated leverage and capital ratios."

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