Chicago fed forum evolves into Basel 2 battle

FEATURE - The big question posed at this year's premier bank policy event was how to break regulators' tendency to exacerbate business cycles by backing off in boom times and cracking down when the economy slows.

From the American Banker, USA, 13 May.

What the organizers of the Federal Reserve Bank of Chicago's renowned "Conference on Bank Structure and Competition" really wanted to know was: How do you keep lenders from splurging when the economy is growing and closing the credit spigot in a

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