links for 2010-05-31

In a pre-emptive blast before the banks launch their own lobbying effort on June 10, Stephen Cecchetti, chief economic adviser to the Bank for International Settlements, said the banks’ “doomsday scenarios” were based on their assuming “the maximum impact of the maximum change with the minimum behavioural change”. EDITOR’S CHOICE Lex: European bank levy - May-26 G20 urged to make investors pay for failures - May-24 US Senate approves financial reform bill - May-21 Opinion: Senate bill merits two cheers - May-23 “They are assuming they’re not adjusting their business at all to the regulatory reforms and that the result for the economy will be the worst possible,” said Mr Cecchetti.