Is Basel III enough?

Write a short essay of 1,000 words in response to the following question: Is Basel III enough?

Your work will be assessed based on the following criteria:

• Understanding why regulation is important (or not) in the financial industry
• Be able to explain each regulation and its main pillars
• Be able to make the link between the 2008 financial crisis and its implications in terms of regulation
• Be able to understand how regulations affect the daily work of an employee in a financial institution
• Your ability to use different bibliographic resources
• Your ability to synthesise key ideas around a given problem
• Your ability to step back from a given situation
• Your ability to explain concepts