Published January 30, 2013
“When it comes to reform, ideas and implementation go together”
Stefan Ingves, chairman of the Basel Committee on Banking Supervision, feels that getting the technical details correct rather than new far-reaching ideas is taking an increasingly prominent place.
Change and reform – new ideas and new ways of doing things – can be challenging in good times. When all is well, the perceived need is low and the costs – including opportunity costs – are difficult to justify. Even small ideas can be difficult to implement. Crises, on the other hand, provid...