Buoyanttaxrevenues from the North Sea are vitaltoMr Salmond's planto persuadethe Scots to vote for independencein a referendumheplans to holdaboutthreeyearsfromnow.
Arguably this Franco-German attempt to turn the Basel requirement into an EU maximum is an attack on the UK's fiscal or taxindependence: if the FPC were to lack the tools to reduce dangerous risks in financial markets, that would increase the likelihood of British taxpayers' money being used to bail-out reckless banks.