Only in the technical financial press has any mention been made so far to the impact of the ludicrous “scientific precision” of Basel 2 EU directives. They have finally kicked their inventors in the teeth, as widely predicted by economists and others at the time.
Officially directives 2006/48 and 49, Basel 2 demands that banks and [...]
Posts Tagged ‘banking crisis’
Basel II and its impact on the global financial crisis.
Posted in Economics & Finance, Politics, tagged banking crisis, banks, Basel 2, basel II, Bingley, Bradford, European Union, financial crisis, Northern Rock on October 11, 2008 | 1 Comment »
The Nero syndrome – fiddling whilst globe burns.
Posted in Economics & Finance, European Union, Politics, tagged banking crisis, Europe, European Parliament, financial crisis on October 11, 2008 | 2 Comments »
So whilst the rest of the world begins to fear genuinely for their savings and jobs, over in the European Parliament asylum last week it was business as usual. Items up for discussion were such riveting subjects as more ‘harmonised’ EU rules about teacher training, standards for waste reporting, for colourants in medicines, for roadworthy [...]
