Living with Risk

Living with Risk

From left to right: Banamex's Xavier Corvera, HSBC's Jose de Caso, Deloitte's Leon Bloom, Inverlat's Alfonso de Lara and LatinFinance's Alex Manda.Bankers are jealous of their capital, which is why they have been pushing for something better than the current Basel Accord – the international regulatory agreement that sets minimum capital requirements for banks – almost since it was put in place in 1988. Capital is expensive to sit on, they say, and it can only help you so much in a crisis. But are they happy with the results of the revision? The new accord, known as Basel II, is based on three pillars: more sophisticated risk measures, incentives for proactive management

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