Americas: One man’s financial stability...

Author: | Published: 10 Dec 2015

So, which is it to be? Liquid bond markets or highly capitalised banks?

Maybe it's not that simple, but the bottom line is clear: banks must now hold bigger buffers. And in the US, the Volcker Rule has banned proprietary trading. The aim of both regulations is financial stability. But for many, there's a significant catch: defining financial stability.

On the one hand, financial stability can refer to safer banks and financial infrastructure, meaning those institutions are...