The G20 and the Financial Stability Board (FSB), determined to prevent another financial crisis like the one experienced from occurring in the future, assigned them abundant tasks. And banking regulators are responding on schedule with no less abundant and sometimes voluminous reports and consultation documents. This does not mean that much work remains to be done and numerous ideas need to be clarified.
There is still too much ambient noise, too many voices speaking at once about a series of diverse instruments but with common elements—capital and liquidity requirements, taxes of different kinds, separation of activities, treatment of systemic entities…—whose final design and combination will largely shape the future of the banking sector. Therefore, it is crucial that they take shape as soon as possible, and for this reason we deemed it appropriate to dedicate this year’s annual meeting with this newspaper to analyzing some aspects of the financial regulation that lies ahead.
