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Huge rally in European bank stocks

Summary:
Bank regulatory parameters matter both pro and con... The Basel Committee on Banking Supervision on Dec. 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant increase” of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.  The "stability creates instability!" morons don't understand this. Huge rally in European bank stocks after they emerge winners from final Basel III agreement https://t.co/R6pGKj2Xdi via @nickcomfort pic.twitter.com/dJ9WxOswEj — Bloomberg Markets (@markets) December 8, 2017

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Bank regulatory parameters matter both pro and con...

The Basel Committee on Banking Supervision on Dec. 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant increase” of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.

 The "stability creates instability!" morons don't understand this.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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