Fund manager Martin Gray has attacked the failure of governments to adequately overhaul financial regulation.
FSA chairman Lord Adair Turner says the Basel III capital reserve rules imposed on banks are "too lenient".
Bank stocks rally post-Basel III was symptom of short-term relief, but may not be sustainable
Is the new agreement too lax a timetable for the banks to comply with?
Fund managers expect the Basel Committee's new rules on bank capital adequacy to have a major impact on financial sector debt and equity markets.