Basel's best bet is to keep it simple

Much progress has been made in constructing a regulatory capital framework that can benefit both the industry and its regulators. At this late stage, this article says, careful revision is necessary to guarantee that the five-year-long reform process does not stumble as it approaches the finish line.

First published in the UK edition of the Financial Times, 12 September 2003. Josef Ackermann is chairman of Deutsche Bank's group executive committee and chairman of the IIF. Daniel Bouton is

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