Hoping to achieve a level of security and safety for international banking which could be relied upon to prevent future economic crisis like that of the 2008 disaster, the Basel Committee on Banking Supervision talks ended in a compromise whose efficacy is seriously in doubt.On September 12 results were reached concerning capital and liquidity rules which few of the participants to the talks are happy with. Although the committee set standards which are tough, and some say next to impossible to implement, there is also a large time frame in which banks have before implementation is required. For most of the new rules banks have 8 years to adjust themselves and comply, while for some other regulations they will have as much as 13 years for compliance.
Alyssa Anderson has been involved in the world of business on several levels for many years. She was the CEO of a start-up high-tech company until its purchase by a global on-line e-business. Alyssa helped formulate marketing strategies for several other companies as an independent consultant, and she has advised local government on methods to achieve appropriate fiscal responsibility. Her opinions are well known through her many editorials which have been published throughout her career in a variety of local and national print media. She has been heard on radio discussing current issues affecting the business community and Alyssa hopes to bring her special brand of commonsense coupled with uncanny insight into her editorial responsibilities as the Business Page editor for Left Justified. Contact Alyssa at alyssa(at)leftjustified.com.View all posts by Alyssa Anderson →