RE: Rioja musings30 Jan 2021 09:31
Trek, I think it's wait and see with Basel 3. The environment maybe changing significantly for PMs but there is nothing compelling financial insitutions to act. New conditions will influence prices over time. How much time, no idea.
Tickled by your Y2k comment. I too worked that week and got some quite extreme hourly rates. It was a damp squib, However, in the three years prior we did thousands of hours of analysis; and made hundreds of infrastructure and code code changes. I'm not saying you're doing this but it amuses me when out in the wider world I hear people saying we don't need to worry about this or that crisis because it reminds me of Y2k. Y2k was thoroughly and extensively prepared for.