Market forces drive deleveraging as well as regulation – Caruana
Discussion participants see tensions in regulatory framework
Rolling back post-crisis regulation would not end the problems many banks are struggling with, Jaime Caruana told a conference in London today (November 17).
The Bank for International Settlements' (BIS) general manager noted the marked trend towards deleveraging in the years after the crisis, but stressed much of it came before regulation started to bite.
"These moves to more and better capital are a response not only to regulation, but also to market pressure, as the crisis experience has also
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