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.
The New York Times - William D. Cohan
The Better Banking Law take: Cohan accurately outlines ethical issues and cultural flaws that Wall Street must address. In particular, we applaud Mark Carney's critical perspective, as he said:
“Virtue cannot be regulated ... Even the strongest supervision cannot guarantee good conduct. Essential will be the rediscovery of core values, and ultimately this is a question of personal responsibility. More than mastering options pricing, company valuation, or accounting, living the right values will be the most important challenge” for Wall Street.
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.
The New York Times via Reuters - Huw Jones
The Better Banking Law take: We applaud Andrew Tyrie's tough stance on implementing the UK statute based on Sir John Vickers' ring-fencing plan. Should the UK's big banks attempt to "game" the ring-fence, the result will be full separation of the retail arm to protect taxpayers.
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.
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.
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.
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!
The Wall Street Journal - Margot Patrick
The Better Banking Law take: Bank of England's tougher stress tests for top 7 UK banks are indeed a key tool to avert another financial crisis.
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.
Financial Times - Martin Wolf
The Better Banking Law take: Compelling logic on liquidity and the false complaints that bank regulation impedes it.
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".
