Regulators smell a rat – Aaron Woolner column
The law of unintended consequences is evident in the desire of some Asian banks to court Sifi status – despite the increased capital burdens imposed by authorities
Concern about the growing rat population in turn of the twentieth century Hanoi led the French colonial governor Paul Doumer to hatch an ingenious plan: put a bounty on every dead rodent handed in to the authorities and let market forces eradicate the disease-carrying pests.
At first it was an unqualified success, with corpses handed in to the French authorities at a rate of 1,100 a day, at which
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