The forgotten financiers

- "The Basel Committee has agreed on stricter capital requirements for banks. It argues that the impact on the economy via bank lending should be limited. But banks account for only 22% of credit in the US and 44% in the eurozone. Since the behaviour of the remaining lenders is not well understood it is premature to conclude that the regulatory changes will result in greater stability in the financial system."

ING Financial Markets Outlook 20100916

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