Good luck harmonising European bank capital!

Following up on my post of some days ago on Europe's efforts to harmonise bank capital, it dawned upon me that this harmonisation plan will probably not go well.

Today, Danièle Nouy confirmed there will be a consultation on ECB's efforts to harmonise Options and National Discretions (ONDs) in the CRR.

Consultation, consultation, consultation.

Mind you, thi…