Abstract The present paper aims to address the reasons why, fifteen years after the onset of the global financial crisis, the implementation of Basel III reforms remains incomplete. Delays, deviations, and rules’ uneven implementation raise the question of whether and to what extent global banking regulations are feasible in the era of increased state involvement in economies. To explore this issue, the present paper examines how the pre-crisis factors that influenced Basel regulations have evolved since 2007/2008, particularly in the aftermath of the pandemic, to lead to this deadlock. This analysis shifts the research focus toward investigating the weakening or delaying, rather than the strengthening, of international standards.
Athanasios V. Kolliopoulos (Mon,) studied this question.