Is Basel Capital Really Important for Banks?

This was, yeah, one of those years where you look back and you're like, yeah, that's probably one of the worst years we'll ever have to face. I used to work in a bank and Basel capital rules are very, very important to banks. And so we're no longer facing an existential question or challenge to the asset class,. To the contrary, regulation is giving it legitimacy, right? It absolutely is.

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