September 08, 2012

And why did FT mostly ignore also this for about a decade?

Sir, what Mr. Robin Monro-Davies tells you in his letter “Making Basel III look like a doodle” September 8, is what I have been telling you for about a decade and which you basically, for reasons I cannot understand, decided to ignore. 

I greeted regulators during a workshop at the World Bank on Basel II in May 2003 with a “I congratulate you, we can already begin to see how Basel II is forcing bank regulators to make a real professional quantum leap. As I see it, you will have a lot of homework in the next years, brushing up on your calculus—almost a career change.” 

And I have also often warned about “Solvency II” taking the “Basel II” route.