In Europe, the pace, complexity and interconnectedness of
post-crisis regulation continues. New regimes stack on top of
old, blocking out the lights of 100 in-house office windows.
Directives are replaced and contradicted; domestic
interpretations confuse EU regimes; integration with Dodd-Frank
looms on the horizon.
With all this in mind, frustration around the regulatory
process is understandable. The bodies have become the common
enemy, stretching banks' resources while carrying out clumsy
and sometimes highly politicised decrees from half a decade
They're certainly being criticised....