What's really dangerous to our bank systems is what's perceived as safe, not what's perceived as risky

Martin Wolf in "Seven ways to clean up our banking ‘cesspit’" July 12, 2012 wrote:

"Fifth, in setting these equity requirements, it is essential to recognise that so-called “risk-weighted” assets can and will be gamed by both banks and regulators. As Per Kurowski, a former executive director of the World Bank, reminds me regularly, crises occur when what was thought to be low risk turns out to be very high risk. For this reason, unweighted leverage matters. It needs to be far lower."

P.S. And still they (he) don't get it... or do not want to get it