We’ve been talking about the impacts of pending restrictions on financial companies for what seems like decades now. And when I say talking, I mean speculating, because none have been implemented yet, so we’re all just guessing at what effects they will have — singularly and in total. But for all the angst they have caused, you have to wonder if some ever will be finalised. Solvency II has been pushed off to 2016, and Basel III will not see the light of day until 2019. If we can keep kicking these down the road, many of the executives in charge of investments when the crisis began will be able to retire before facing restraints on their investment strategies.