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Bankers at October’s Institute of International Finance (IIF) meetings were in broadly upbeat mood as they convened in Washington DC alongside the broader IMF/World Bank annual jamboree. And with good reason.
“Last year everyone was worried about whether Deutsche Bank was going bust – this year everyone is wondering who will buy Commerzbank,” one global banking head told Euromoney. “That tells you everything you need to know.”
It was a neat illustration of what had been a startling change of tone, all the more startling given the many political and economic worries still hanging over markets.
The watchwords for many attending were integration and harmonization – both political and regulatory.
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