“It doesn’t kill the idea, because the idea is a good one, and I can’t really conceive of ANZ not being in Asia because it is core to what we do. But the way we approach it has to change, to move with the times”
Shayne Elliott is managing ANZ’s retreat, if not withdrawal, in Asia
“The ECB has said time and again that it is happy with the level of capital that the banks have. All the messages coming from the regulators have affirmed this. The hysteria over Basel IV reminds me of Y2K”
“The former governors had an enviable set of skills that I may not have – and vice versa. But in these times, I think monetary economists would have been very, very ineffective. For people who are not hands on, for them it becomes very challenging”
“It’s not like you can step in and, in seven months, erase the mistakes of the past 12 years”