The drive to address the too-big-to-fail problem and the imposition of resolution regimes dominate the discussion of global banking. But it’s time to talk more about the collateral damage this is causing: the threat to global finance, the growing risk of balkanization of banking, and a crisis in banks’ strategic and capital planning.
Jean-Claude Trichet, former president of the European Central Bank, spoke to Euromoney just before the G20 summit in Brisbane – a meeting where global leaders looked set to pat themselves on the back for reducing risk in the banking system.
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