As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.
Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?
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June 20, 2014
A very simple question to all of you there at FT
If you were a bank regulator, which rating would you use to set the capital requirements for banks? That of a borrower defaulting or that of a borrower’s default causing a banks default? I ask, simply because they are clearly not the same.