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For the bank safety rules, regulators are going to require a higher capital ratio.
In keeping with the prevailing antiregulatory ethos, they also tended to equate bank profitability with bank safety and soundness.
The point of a big, robust bureau is to inculcate the idea that consumer protection is central to bank safety and soundness.
It said the Hoffe family kept the bulk of the collection locked away in bank safety deposit boxes and had sold parts of it to the highest bidder.
They should also be more involved in supervising bank safety and soundness although, to safeguard central-bank integrity, the role of chief firefighter is best played by others once trouble ignites.
Banks in Greece remained closed, with the daily limit on withdrawals of €60 (£42) continuing alongside a ban on taking any cash at all from bank safety deposit boxes.
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Sheila Bair, former chair of banking safety watchdog the Federal Deposit Insurance Corp, was more forthright.
The easier part of their job is to make the dilemma less likely, by boosting banks' safety buffers.
Although Basel continues to consider such measures, much of its energy has been sapped by the supposedly straightforward question of building up banks' safety buffers.
Now that the illusion of banking safety has been exposed, it is high time we exploded the myth of Gordon Banks's save.
Mr Shelby argues that this could push banks to accommodate consumers at the expense of the banks' safety and soundness.Optimists note that Messrs Dodd and Shelby have broken off talks before, only to resume them within weeks.
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