The regulators should also care about their own internal governance standards.

Sir, Gary Dixon referring to Caroline Binham’s report “Record caseload for UK financial regulator” (August 13) writes, “FCA is now paying increased attention to the internal governance standards of regulated firms... all regulated firms should be taking steps now to improve their board standards as a matter of priority.” ,“Governance standards have become FCA’s focus” August 14

The regulators should also urgently take steps to improve their own government standards. I mean how could they have signed up to those risk weighted capital requirements for banks based on the nonsense that what’s perceived risky is more dangerous to bank systems than what’s perceived as safe? 

And those in EU, how could they have assigned a 0% risk weight to Greece and thereby doom it to suffer the tragedy of way excessive public debt?

@PerKurowski