Basel III and acronyms #GHOS #LCR #HQLA #athhb



Bank (Photo credit: 401(K) 2013)

As world bankers attempt to secure their jobs for another few years, the Basel III project has successfully produced more acronyms and watchwords for people to spout off at their morning meetings.

The crux of it seems to be that the LCR will not be as onerous as originally planned and will be phased in over a much longer period of time, by which time everyone will have forgotten why it’s there!

No doubt in 20 or 30 years time from now, some bright up and coming banking analyst will highlight the hidden ‘value’ that is represented in the banking sector, as they will be sitting on billions worth of assets and cash that they don’t need anymore for the financial Armageddon that will never, never be repeated again…

Common sense, send BASEL III back to where it belongs #dustbin

For those of you, who don’t know #athhb is an acronym for ‘after the horse has bolted’

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