Complexity will not cut banks' risk

LETTER - Letter published in the Financial Times, UK edition, 21 October.

Sir, Avinash Persaud ("Banks put themselves at risk in Basle", October 17) raises issues to do with capital adequacy reform that echo the concerns of many of us in the industry. He particularly addresses the subject of complexity and I would support his arguments by asking the regulators what value is added by this complexity? We would all agree that the financial system needs to be adequately capitalised and that the level

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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