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.
Andrew Tyrie Says UK Banks Must Be Broken Up if 'Ring-Fencing' Fails
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.
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!
Bank of England to Toughen Stress Tests for Large U.K. Banks
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.
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.