No! Anjana Ahuja, academicians can be completely flawed too…like those used by the Basel Committee.

Sir, Anjana Ahuja writes that “Academics know precisely what it means for a study to be ‘flawed’”, “Politicians have learnt to lie in the language of scientists” November 28.

No, not always! When I see capital requirements for banks based on studying the failure rates associated with the assets of a bank and not on studying what made the banks fail, then I simply cannot be so sure about the quality of the academicians, at least not those used by the Basel Committee or the Financial Stability Board.