Basel III: Dynamics of state implementation

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Basel III: Dynamics of state implementation

Narissa Lyngen

Harvard international law journal, 12/2012, Volume: 53, Issue: 2

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In December 2010, the Basel Committee on Banking Supervision issued the text of the Basel III Framework, a series of global financial regulations that respond to the Great Recession, the financial crisis of 2007-2009. Basel III is the third iteration of the Basel Accords, which, along with the Basel Committee and its negotiation process, have been hailed as an exemplar of international regulation and law-making, but also critiqued as deeply flawed and subject to influence by the banks regulated by the agreement, among other issues.

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