Banking remains far too undercapitalised for comfort, Wolf
Senior officials argue that capital requirements have increased 10-fold.
Yet this is true only if one relies on the alchemy of risk-weighting.
In the UK, actual leverage has merely halved, to around 25 to one.
In brief, it has gone from the insane to the merely ridiculous.
Martin Wolf, FT 21 September 2017
Yet this is true only if one relies on the alchemy of risk-weighting.
In the UK, actual leverage has merely halved, to around 25 to one.
In brief, it has gone from the insane to the merely ridiculous.
Martin Wolf, FT 21 September 2017
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