The Basel III Agreement: A Critical Survey

In assessing the impact of the implementation of the Basel III agreement on the economic process, one must critically wonder which problem this accord should aim to tackle. Most of the analyses of the preceding accord emphasised the procyclical character of the agreement. This paper argues that while the procyclical patterns of the agreement have, in part, been taken into account in the regulatory reforms, the diffusion of systemic risk is poorly tackled.

Read the paper by Dr. Matthieu Meaulle, FEPS Economic Advisor