Today 10 years since Basel II doomed the banks to a crisis, and the Western world's economies to call it quits and begin their downward spirals

G10 signs up on Basel II

With their portfolio invariant risk-weighted bank capital requirements, the Basel Committee regulators obviously think that financial stability is obtained by stopping banks from lending to “the risky”. What a dangerous lunacy! It is precisely the willingness to take risks that has made the Western World what it is.

http://www.americanbanker.com/bankthink/a-decade-of-perverse-incentives-spawned-by-basel-risk-weighting-1068255-1.html

http://www.eluniversal.com/opinion/140626/hoy-10-anos-de-la-firma-de-basilea-ii

http://teawithft.blogspot.com/2014/06/today-marks-10th-anniversary-of-basel.html