Basel III - the start of the next banking crisis?

[peterv]

Bank shares shot up today when Basel regulators announced that liquidity standards would be less onerous than expected and not be fully enforced until 2019.

See what Robert Peston has to say about it (and read some of the comments - all negative!!)

www.bbc.co.uk/news/business-20927534

[steveb]

Well I can't say I am surprised, going on previous form (i.e. the banks are regulated by , err, the banks, for the protection of, err, the banks)...
Have you read any of the history of the central banker's central bank - the BIS?
en.wikipedia.org/wiki/Bank_for_International_Settlements

[steveb]

A more detailed BBC Timewatch documentary about the Basel bank in WW2.

www.youtube.com/watch?v=YauM5dHLn1s