You can see my suggestions about transparency above. I won't repeat them here. It provides the teeth to your disclosure requirement. I would suggest that instea

You can see my suggestions about transparency above. I won't repeat them here. It provides the teeth to your disclosure requirement. I would suggest that instead of asking for line items by risk, we simply open the banks' books and get an electronic term sheet for everything listed. I don't want to know their risk numbers. They calculated them. Your other measures are interesting. I would keep capital adequacy but seize the bank before capital went to zero. That would improve incentives a bit. The key thing is to claw back the economic rents that bankers have been handed. Most of these rents are connected to information that bankers have and we don't. This can be changed, but not with the help of today's regulators who are still in thrall to the banking industry despite their statements to the contrary.