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Off the record

“It seems a bit weird to hear British politicians talking about the benefits of deregulation for the UK economy – I mean, it’s not like they’re Belarus or something” 

An Austrian banker is unconvinced by visions of Britain as the new Singapore

“Everything in Ukraine could be described as being a bit late” 

A Kiev banker responds to suggestions that the nationalization of Privatbank was on the tardy side

“I’m optimistic about the outlook for EM, but much will depend on what is said in Washington today, we still have no idea what Putin is going to talk about” 

An EM asset manager has a Freudian moment on January 20 

“In a business where there’s a God-given right that the creation of wealth will grow at twice the rate of GDP, and to think you won’t get some hefty competition... well that’s just naive”

One head of a private bank points out why wealth management is a booming business

“We banks sell money” 

Holds up two thumbs with a cheesey grin. 

“Money just got more expensive”

Tired of Euromoney’s pernickety questions about the impact of rising rates on asset values, this banker brings us back to basics

“Banks know that if they do not comply with regulatory deadlines then those regulatory deadlines will simply be changed”

Regulators like closed markets even less than they like undercapitalized banks

“She has very little leverage – the only thing she has control of is the exit. Anything she negotiates back in is the bonus round”

A senior policy official at a global bank on his outlook for Theresa May’s Brexit plan

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