The New York Times - Gretchen Morgenson
The Better Banking Law take: Sadly, the ratings agencies' model of issuer pays, rather than investors, still remains a conflict of interest, still remains broken, still remains very much a hazard.
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.
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".