Hints and tips:
...A longstanding critic of David Cameron, he once said: “As Bismarck said about Napoleon III, Cameron is a sphinx without a riddle.”...
...The banking reform bill states that a bank’s equity capital must exceed 3 per cent of its assets – in line with incoming “Basel III” global rules....
...The commission, which includes former chancellor Lord Lawson and Archbishop of Canterbury Justin Welby, wants Mr Osborne to legislate to create a tough new leverage ratio for banks to make them safer....
...Other members include former chancellor Lord Lawson; Justin Welby, the new Archbishop of Canterbury; and former Treasury select committee chairman Lord McFall....
...Two of Britain’s banks, HSBC and Barclays, last week published their Basel III leverage ratios for the first time, although they will not be enforcable until 2018....
...FT: The banks are just gearing up to start the mother of all lobbying campaigns against Basel III....
International Edition