Regulation

Banks Score Victory On Use of Ratings in Capital Calculations

The Financial Times - Caroline Binham and Laura Noonam

The Better Banking Law take: It is quite grim that Basel III has conceded to banks and will permit them to rely on ratings agencies to calculate risks in their portfolios. How quickly 2008 has been forgotten.

UK Bank Regulators Too Need Incentives To Do The Right Thing

The Financial Times - Daniel Davies

The Better Banking Law take: Regulators must take a stand in good times, when banks are strong and regulation is unpopular, as well as bad times.

Sergio Ermotti on Banks' Big Shrink

The Financial Times - Patrick Jenkins

The Better Banking Law take: Sergio Ermotti once again shows his thoughtful leadership and outlines the merits of banks not being everything to everybody and a return to their DNA.

Fed’s Dudley Calls for Improved Ethical Culture on Wall Street

The Wall Street Journal - Katy Burne

The Better Banking Law take: We applaud the call by regulators William Dudley, Janet Yellen, Christine Lagarde, and Stanley Fischer for an ethical culture change within financial firms.

Tidjane Thiam Defends Investment Banking

The Financial Times - Caroline Binham

The Better Banking Law take: Sound, responsible views on investment banking and the real economy from Credit Suisse's Tidjane Thiam.

Fed Imposes New Limits on Big Banks to Reduce Bailout Risks

The Wall Street Journal - Ryan Tracy

The Better Banking Law take: We welcome the Fed's recently proposed "total loss-absorbing capacity" principles, which are similar to those the European Central Bank has put forth to avoid taxpayer bailouts.

Finance Watchdogs Need to End Roller Coaster Rulemaking

New York Times by Reuters - Reporting by Huw Jones, Editing by Jane Merriman

The Better Banking Law take: Tracey McDermott's wise, sustainable approach to end de-regulation and re-regulation cycles. History is instructive! 

How the U.K’s Version of Glass-Steagall Will Hit Big Banks

The Wall Street Journal - Paul J. Davies

The Better Banking Law take: Finally! The US Financial Press covers the UK's ringfencing plan and its similarities to Glass-Steagall.

Listen to brain surgeons, not bankers, for the truth on errors

Financial Times - Lucy Kellaway

The Better Banking Law take: Great perspectives on risky practices of "mistakes" by Doctors, Silicon Valley and Bankers.

Mistakes are OK, grave errors are not, says UBS chief

Financial Times - Andrew Hill

The Better Banking Law take: Welcomed views on moderation and caveats after Sergio Ermotti's remarks on risk and "honest mistakes".