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Wall Street banks are facing challenges with increased capital requirements under Basel III regulations, prompting a debate on the safety of the banking system. Critics argue that more equity is needed for stability, while some believe the current measures are sufficient. The issue of risk management and transparency in the banking sector is being scrutinized, with concerns raised about the effectiveness of existing regulations.
The Fight Over Bank Capital Keeps Missing the Point: Clive Crook https://t.co/czhaWt7dol I disagree. Regulate banks more like life insurers for solvency. Detailed cash flow testing, stress testing, strong RBC formulas... and valuation actuaries (they have an ethics code).
Banks have a new way to hide risk. It's very much like their old way to hide risk https://t.co/30R4wvCTRg via @opinion
Can't miss piece by @WilliamCohan in @FT on the importance of #capital and the banks' relentless public lobbying campaign against it. "The truth is that the more capital the banks have, the safer they are and the more likely they are to be able to withstand losses or withstand…