This study attempts to explain the resilience of the Basel Committee on Banking Supervision and its standards, particularly in the aftermath of the crisis. Some possible explanations of the failures of the Basel regime leading to the global financial crisis of 2007-2008 are explored. Thereafter follows a discussion about the reasons why the fundamental features of the regime are still in place even after its evident inadequacies and why the reforms adopted in the wake of the crisis are a way to safeguard the resilience of such features.
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