International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It's a good idea, and one that would cushion the financial system from the next bust -- if the rules weren't being pushed so far into the future. Continue reading Basel III? Basel Humbug: Why New Bank Capital Rules May Be Irrelevant Basel III? Basel Humbug: Why New Bank Capital Rules May Be Irrelevant originally appeared on DailyFinance on Tue, 14 Sep 2010 11:44:00. Filed Under: Economy , Investing , Credit Permalink | Tweet this! | Comments