FSB Developments
When it comes to dealing with regulators, you can apply the same rule of thumb as you do to politicians. Let's watch the first fifteen minutes of this charade and draw out some real messages. These guys kind of exemplify why banking regulation fails at the best of times and the whole process of policy development seems to have evolved into a game of politics. Nonetheless, moving the deck chairs around on the risk management balcony or specifically, transforming one risk into
