Daily News: March 15, 2013

WSJ: A Basel Banking Do-Over


A Wall Street Journal story notes that the misguided faith that rules and regulators can prevent the next financial crisis is hard to shake, but this week brought a glimmer of hope.

The chairman of the Basel Committee on Banking Supervision signaled that regulators might be starting to understand how their rules contributed to the 2008 financial crisisand the damage these rules could do in the future.

To read the Wall Street Journal article click here.