Globale Bankenregeln fehlen aufstrebenden Märkten

In a piece for *Project Syndicate* coauthored with Vera Songwe of the Brookings Institution, Senior Fellow [Peter Blair Henry](https://www.hoover.org/profiles/peter-blair-henry) and Distinguished Visiting Fellow [Jendayi Frazer](https://www.hoover.org/profiles/jendayi-frazer) argue that while the Basel III international regulatory framework for banks has “played a crucial role in preventing another systemic collapse” since its inception in the wake of the 2008 financial crisis, it has also created “regulatory barriers that hinder the efficient deployment of capital to emerging markets and developing economies.” Noting the urgent need to deploy more private capital to these economies to finance development, health, and education, the authors propose four core reforms to the Basel III framework designed to “align regulation with actual risk.” As they conclude, implementation of these reforms by G20 nations would “crowd in more private investment, reduce borrowing costs for developing countries, and accelerate progress toward transformative development that creates much-needed jobs.”