June 30, 2014
Why does Wolfgang Münchau keep mum on the minimum minimorum Europe needs to do to lift itself out of its mess?
June 28, 2014
Becoming coward marks the beginning of the end of any civilization, and the Western World ignores what Basel II does
Why does John Authers keep mum on how low capital requirements for banks on house financing helps to inflate the bubble?
June 27, 2014
No Gillian Tett, it was sordid practices in the world of bank regulations which caused the banks to implode.
To get balanced economic growth using risk-weighted capital requirements for banks would require a miracle.
June 26, 2014
Today marks the 10th anniversary of Basel II, Europe´s economic Waterloo, or financial Kristallnacht, and FT does not care.
June 24, 2014
June 23, 2014
You in FT have more voice than most professors teaching finance, so who’s really more “responsible for teaching responsibility”?
June 21, 2014
For the banks to stay out of the shadows, their regulators must not hide in the shadows, or hide the sun.
June 20, 2014
June 19, 2014
Just like we do not like overly sissy nannies to educate our kids, we do not want overly sissy regulators to regulate our banks.
Europe, ECB, if what FT writes is what IMF will recommend you… please don’t listen to it. They’ve lost it!
For sturdy long term stability we need lots of short term instability, and bank regulations which do not distort.
June 18, 2014
The capital requirements for banks based on perceived risk, distort the correct risk pricing that the market might have done.
June 17, 2014
In these globalized times, would you not want your flag to be a flag of convenience, flagged by many?
June 16, 2014
FT Do you suggest we leave it all in hands of an Easterly type tyranny of “experts” in thinking machines morality?
For Europe to reduce the horrors of its house of debt, it needs to allow its risky-risk-takers to get going.
June 15, 2014
Mark Carney, do not use shadow banks to hide the mistakes committed by the regulators of the banks in the sun!
June 14, 2014
Most certainly Martin Wolf did not explain to Edmund Phelps how bank regulations are stacked against small banks and their clients.
June 12, 2014
Where could Iraq have been today if each one of its citizens was receiving his monthly oil dividend check?
June 11, 2014
The real hair-raising déjà vu is that risk weighted bank capital requirements of Basel II survive in Basel III.
Our young unemployed, in order not to become a lost generation, might depend on artificial intelligence entering the Basel Committee.
When silencing my criticism of the distorting risk-weighted bank capital requirements, who were the Financial Times favouring?
June 10, 2014
If talking about the decline of morality of bankers, let us not forget that of their regulators... and of journalists.
ECB European banks have no lack of funds but they do have an enormous lack of shareholders’ capital.
June 09, 2014
Do not let the very natural splendors of richness distract from the very unnatural causes of unequal richness.
When will regulators understand that it is only in what is ex ante “absolutely safe” that big systemic bank risks reside?
June 06, 2014
As is, €400bn of cheap ECB Mario Draghi loans would only end up financing “infallible sovereigns”, not small businesses.
June 04, 2014
Again besserwisser Martin Wolf ignores the regulatory discrimination against “the risky” when accessing bank credit
A comprehensive stress test of European banks must also include analyzing what is not on their balance sheets.
For instance what about all those loans to middle and small companies, entrepreneurs and start-ups which are not on the books only because dumb regulators require banks to hold more equity against these than against assets deemed, ex ante, as absolutely safe?
Mr. Richard Madigan would you not like to know the real not subsidized US bond based risk-free rate?
Sir, Richard Madigan, chief investment officer at JPMorgan Private Bank writes “US bond markets leads all markets because they act as the risk-free rate for all risk-assets”, “Rate rises will come despise lower bond yield”, June .
I would love to ask Mr. Madigan the same question I asked Mr. Alan Greenspan some years ago namely… would you not like to know the real US bond based free-rate, without that regulatory distortion resulting from allowing banks to hold US bonds against so much less capital than what they need to hold when lending to citizens, and which in effect makes it therefore a subsidized free-rate?
Mr. Greenspan after hesitating for some moments advanced a "Yes".