KCB's actions continue to confuse many who recall its former days with unfond memories. Its deal with Triton especially the last loan makes no commercial sense. Only political sense...
Monday, January 26, 2009
Credit Crunch: according to a banking regulator
Interesting take on the recent happenings and the way forward by Lord Turner who has recently taken over as Chair of the UK FSA. One of the reasons risk must become a big issue for bankers is not because of their new found risk aversion. Rather, it must be the realisation that the search for beta will lead to slippery slopes. Another of his ideas is how banks should take on more regulatory capital during the boom times and do the reverse during the recession period.