The regulatory regime runs against the concept of individual responsibility
Is it from me? No, it’s from the president of the Bundesbank! He wrote a nice piece for the FT. And, what a surprise, he’s basically saying the same thing about risk-weighted assets and regulation as I do. Ok, in a different way. He criticises the fact that some banks over-invest in government bonds because of…favourable regulatory treatment, including very low (or nil) RWAs, possibly leading to instability. Reminds me of something…
Spontaneous Finance 
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