How do we make sure there is no hanky panky?
Among other the document states that “The Committee is introducing a global minimum liquidity standard for internationally active banks”. This would mean that this category of banks will now have a different set of updated regulations that will imply they are especially safe and so these banks will most certainly need to pay less for deposits and equity, and so these banks will now enter almost formally belong to the “too super big global banks too impossible to fail”.
Sir, how on earth is the world at large supposed to make sure that no hanky panky is going on between the now too super-big banks and the too global and too little accountable to anyone Basel Committee?