“Lawyers are not really accepting enough of changes. Often this is a genuine reaction to unworkable regulation, but it is something we should be aware of.”
A warning not to be too resistant to change
“We’ve gone from a regulatory kiss on the cheek to a regulatory bear hug.”
Lawyers are feeling the squeeze of more intrusive regulation
“It’s not a slam dunk that we continue with numerical capital adequacy at all.”
A reminder that Basel is just a framework
“The broad regulation agenda has been dropped very quickly. The idea was that there would be...