But buffers can be set at these pragmatic levels only if there is a credible way to deal with the outlier banks that typically lose three to five times more than the average.

ECONOMIST: The task of sorting out banking is far from finished

There are some bright spots for banks these days though including improved ability to handle risks thanks to their larger capital and liquidity buffers.

FORBES: Moody's Outlook On Banks? Still Negative, Here's Why