The Long Crawl to Basel III
A particularly vivid and memorable scene from the third season of US television drama “Breaking Bad” depicts two Mexican gangsters joining a line of pilgrims in crawling, to express reverence, up to a shrine to Santa Muerte, the Saint of Death, who supposedly doesn’t differentiate between good or evil requests.
The industry and its regulators may differ on whether the goal of Basel III implementation is good or evil, but it’s indisputable that getting there is going to be just such a long crawl
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