THE casualty list from the credit crisis does not stop at investment banks and Iceland. The idea of the international bank is also coming under pressure. The a wow gold rgument that being in lots of countries diversifies risk looks thinner now that the downturn has the world economy in its grip. A brace of regulatory initiatives also suggests that national authorities have become much more focused on their own interests. The Swiss Federal Banking Commission has released details of its beefed-up capital regime, which will help to restrain growth in assets when times are good. The WOW GOLD biggest Swiss banks, UBS and Credit Suisse, will be subject to higher risk-weighted capital requirements and to a new leverage ratio of at least 3%, which caps the amount of total assets that a bank can hold regardless of the risk they entail. These measures are striking for at least two reasons. The first is that they foreshadow an emerging international orthodoxy.
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