In the enthusiasm to raise the capital requirements there is a fundamental schizophrenia. We can't ask banks to lend more, in particular to borrowers with lower credit quality, and at the same time force banks to deleverage. We can't ask banks to hoard capital to strengthen their capital ratios and at the same time nationalise all their profits by imposing gigantic fines that are scaled more to be headline grabbing that to the actual scale of the misbehaviour.