Rogers And Sons China

Basel 3, who benefits?

We are reading several articles that explain in detail the new version of Basel, which on Sunday agreed central bankers and those who escape, however, is the way it has all of this.
I refer first of all to what 'that has not been said and to the timing: it was not told that the banks have to come up with banks and financial instruments developed (perhaps we should call it diverted finance) as has happened before the crisis. It seems that we forget with a guilty amnesia that the crisis part finance the creation of architecture but not on credit and debt as much Memory shortage lies in the role that banks have had in these operations, namely primary, with full responsibility. All this in Basel Three not find it, unless it is suggested among the "core tier and percentages vary, but this effort of understanding and interpretation, at least on my part, has been in vain. Do not play with people's money, do not play with people's money, was a phrase that we would have liked to read, but so 'was not.
Second, the timing: Cosi 'as it is set, Basel Three part effectively in 2019, that is, between nine years, in which anything could happen, for better and for worse. It would be like if imponessimo a rule, nine years of giving time to those rules, Usually, around or ignores loopholes so that we can study the most appropriate to continue to rub the money under his nose. To think the worst, one might say that nine years will be used to clean up the balance sheets of banks by securities outstanding, uncollectible, based on nothing, in short, waste paper, but still enrolled in the active part of the budget. For example: The company Pinco Pallino has nine years to capitalization and understand what to do in the meantime, the ten thousand shares Alitalia budgeted at one hundred euro each but with virtually no real value. One would think that there are two weights and two measures, but they are always so 'evil ........