Competing Takes on the Cost and Benefit of the G-SIB Surcharge

In recent weeks,the battle between bankers and regulators that had been taking place behind the scenes,started to spill out into public view. The reason seems clear:for all of the lobbying they’ve done,banks have been unsuccessful (so far) in weakening the major provisions of Basel III and Dodd-Frank.

To quickly refresh:Regulators [...]