You’ve talked about all the financial crises during your career. What would you like to see in terms of policies that might prevent your successor from having to follow the same path you have over the last 30 years? Mr. Trichet: First let me reassure you: I will execute all my inspiring and heavy responsibilities until the 31 October 2011!
They are rapidly positioning themselves as the key players in the financial industry, partly due to some sort of regulatory void in which they have been operating so far, and partly as some regulators around the world have adopted a somewhat adaptive approach to regulation in order not to stifle innovation.