Lucy Kellaway, what does FT’s code of conduct say about hushing up someone who sees something bad and says something?

Sir, I refer to Lucy Kellaway’s “Codes of conduct are in breach of common sense” March 27.

It would be great if Lucy Kellaway would go thru FT’s code of conduct in order to explain to me whether it contains something that instructs FT’s journalists from not asking the regulators the questions that must be asked, in order to try to make some sense of what they are up to.

For instance: For their risk weighted capital requirements for banks the Basel Committee has assigned to the AAA to AA rated a risk weight of 20%, while for the below BB- rated one of 150%. Why on earth do they believe what’s below BB- rated and therefore made so innocuous, is more dangerous to the bank system than what’s AAA rated and which therefore could lead to the build up of really excessive and dangerous exposures?

That only guarantees that the safe will get too much credit against banks holding too little capital and the risky, those who are just as worthy borrowers, will get much less or much more expensive access to bank credit than usual. That is bad! That is why, when I saw something, I said something, in about 2.5k letters to FT. 

But perhaps Lucy Kellaway must keep silent on this, since she includes in her own code of conduct, “Don’t do anything that you would be ashamed to tell your colleagues about.”

http://subprimeregulations.blogspot.com/2016/12/must-one-go-on-hunger-strike-to-have.html

@PerKurowski

Come on what about that stiff upper lip?

Sir your “How to deal with sovereign wealth” January 28 reads like you are being very nervous about the sovereign wealth funds; asking for a code of conduct that would put order and limits on what these monsters could do to you. Come on what about that stiff uper lip?

Suppose these funds do not behave? Do you really think there would not be a market response to that? Would a Saudi Citibank or a Chinese Microsoft be able to keep the value of these companies in your markets if they are seen as having bad intentions?

This is a moment when the world really needs these capitals to recycle and help out and, if there is really anyone who would like to see a code-of-conduct it might very well be the investors who could want an assurance that your nationals will give them the most favoured investors status. By the way your editorial might very well have reduced in some billions the price they would be willing to pay for those assets they are thinking of buying.