Across the world, Govt.'s are lowering capital adequacy ratios for banks; Meg Hillier, chair of the Treasury select committee expects banks to be lobbying hard for the UK to follow suit.
Which reminds me of something my mother used to say to me when she was exasperated by a request: 'just because everyone else is throwing their mother off a cliff doesn't mean you have to as well'!...
or if you prefer: 'don't tear down a fence until you're clear why it was erected'!
#banking #politics
h/t FT
Emeritus Prof. Christopher May
npub170…fuzxa
2026-10-05 05:18:15 UTC
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