Possible Unintended Consequences of Basel III and Solvency II
Possible Unintended Consequences of Basel III and Solvency II – Ahmed Al-Darwish, Michael Hafeman, Gregorio Impavido, Malcolm Kemp, and Padraic OMalley. August 2011, WP/11/187 “In todays financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable …