You have strong views on Basel II I hear
Sargant Some people are getting a bit sick and tired of talking about Basel II, which is quite refreshing really. There's huge hype around the Basel II area and you really have to separate the hype from reality.
Could you talk more about this hyped-reality
If you did a study three years ago there was really very little knowledge of what Basel II was. Obviously, you had the whole study going on from the late eighties and most if not all banks participated in the study. They were engaged, but due to risk requirements being so subjective, spent many...