In other words since bank capital is there for the unexpected is it not dumb to require it based on the expected?
PS. FT’s / Financial Times Establishment, notwithstanding my soon 2.500 letters to it on “subprime bank regulations” has also steadfastly refused to help me get answers to these questions.
PS. And here is one evidence of that I posed my objections during formal consultations by the Basel Committee
PS. And I dreamt I got this letter with their answers!