Bank regulators and FT should also heed Aristotle

Sir, on January 13 Martin Sandbu explained very well “Why Aristotle is the banker’s best friend” though besides the bankers he should have included their regulators. I say this because in all the current banking regulations originating from the Basel Committee there is not one single word about the purpose of the banks, as all that regulators expect from them is that they do not fail.

When on the theme of “granting impunity to lazy thinkers” he should also consider the responsibility of a paper like the Financial Times… as the way it has decided to silence opinions like the previous, and other, and “not engage in reasoning”, because seemingly it rubs some of its associates the wrong way, would not have been something approved by Aristotle.