Global banking rules aim to balance safety, growth

These new capital reserve requirements are still less than the actual amount of capital reserves held by Lehman Brothers and other banks when they went under. So not much of a solution.

they may dampen the recovery by forcing them to reduce the lending that fuels economic growth.

I have read that seventy percent of all bank lending in the USA and UK has been for real estate. If true, it means that most bank lending has zero to do with fueling economic growth, it is just bubble creation. Bankers get rich for giving people money to buy and sell houses and property to and from each other. Nice work if you can get it.

cant really understand how when i look at the financial pages of alot of papers,they say that some of these banks whether in the US or UK have profit levels back at pre-crisis levels.If this is so,maybe Basle3 will be some kind of measure to prevent future excesses.As the banking analyst in the article suggests though, banks can always be a bit inventive with their accounts to hide risks/profits.Do we even know how the international crisis was created and what lessons were learned.thats the key to balance growth and safety.banks will make profits one way or another...setting money aside will not necessarily rid them of bad practices.

Looks like the banking system for the New World Order is well under way.

I have just finished 'Crisis Economics' by Nouriel Roubini and Stephen Mihm. If you want a clear (largely apolitical) perspective on the recent 2003-2007 real estate boom, shadow banking, subprime loans, CDOs, loose oversight, the global credit crunch, Lehman Bros., AIG, et al, stimulus packages, and Basel III (as well as Basels I and II), I can't recommend it enough. A shocking, depressing, yet ultimately enlightening read.