bank reform

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.

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.

Top financier warns on anti-business sentiment

Financial Times - Alistair Gray

The Better Banking Law take: Capitalism can be "an engine of economic growth for all" with integrity & responsibility. Amen, John Nelson, of Lloyd's of London.