Basel III is quite interesting. Seems to be more hard-nosed about banks having adequate capitalization. I have quite a nice chart for my wall. Hope to find the PDF for it. Some reading materials for those long baths, train rides or the like:
http://www.algorithmics.com/EN/media...Basel3-Exd.pdf
http://www.slaughterandmay.com/media...-for-banks.pdf
http://www.dnbgov.com/pdf/DNBBaselIII.PDF
http://www.mofo.com/files/Uploads/Im...ll-Picture.pdf
http://www.accenture.com/SiteCollect...I-Handbook.pdf
http://www.fas.org/sgp/crs/misc/R41467.pdf
http://www.pwc.lu/en/risk-management...erspective.pdf
http://www.bis.org/publ/bcbs189.pdf
http://www.mofo.com/files/Uploads/Im...ddFrankAct.pdf
Dodd-Frank vs Basel III: http://www.whoswholegal.com/news/fea...mean-us-banks/
What is interesting is that if one reads between the lines of laws and regulations even before Basel III it shows how limited banks were intended to be as far as the scope and function (i.e. could it be that have been doing what they were never intended to do?). Perhaps necessities driven by a "ambient lack of knowledge" among the "citizenry" which may have been encouraged by bankers to begin with?
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