Haldane calls for rethink of Basel III, By Brooke Masters, Chief Regulation Correspondent, August 31, 2012 5:10 pm, Financial Times, www.ft.com

Mr Haldane acknowledged that adopting his ideas “would require an about-turn from the regulatory community from the path followed for the better part of the past 50 years”, but he likened the situation to trying to catch a Frisbee. “To ask today’s regulators to save us from tomorrow’s crisis using yesterday’s toolbox is to ask a border collie to catch a Frisbee by first applying Newton’s law of gravity,” he said.
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