The regulations that were drafted by the Financial Stability Council and adopted by the G20 must be followed to the letter the world over, under the supervision of the prudential authorities. Moreover, I firmly believe that there is a problem of values in our societies.
Some sectors of the economy and of society consider normal certain behaviours that do not fall within the limits of acceptability established by our political democracies. This is a serious flaw. Some things cannot depend solely on legislation, controls, regulation and supervision. In addition to the regulations, there has to be an ethical convergence of the values governing behaviours in the large democracies.