News Roundup
Bank regulation is hard.
It’s always dumb to say "X is not a panacea," because no one ever said it was, but some people kind of think that bank leverage ratios are a panacea. The idea is: You can’t know what a bank is up to, risk-weighting is subjective and can be gamed, so just require banks to have equity equal to a certain percentage of their unweighted assets and call […]
