Listen to the honeyed words of Jamie Dimon, chief executive of JPMorgan, or Mark Carney, chairman of the Financial Stability Board, and you might be forgiven for thinking that we are coming to the end of the regulatory efforts to make the banking system safer that followed the financial crisis of 2008.
Banks have multiple times the quantity and quality both of capital and liquidity they did before the crisis, says Dimon. And this is clearly true.
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