The Basel regulatory regime The focus of banking regulation under the Basel accords has shifted from a micro- to a macro- prudential focus. Explain and evaluate this change of perspective, paying attention to the global consequences of bank compliance wit

The Basel regulatory regime
The focus of banking regulation under the Basel accords has shifted from a micro- to a macro- prudential focus. Explain and evaluate this change of perspective, paying attention to the global consequences of bank compliance with the newer measures.