September 27, 2013

What about bank regulators as scary movie villains?

Sir, Nigel Andrews writes “The spawn of the bankers make the scariest movie villains”, September 27. But since I am much more scared of bank regulators that of bankers I wonder if he could identify some movies were these are presented as villains.

For instance their capital current requirements for banks, based on ex ante perceived risk of their assets, could be likened to traffic allowing cars to speed at different velocities depending on the ex ante perceived value of car safety features, and without considering the driver. Can you imagine what scary disastrous car wreckage scenes could be filmed as a result?