As a banking supervisor, my focus, as you would suspect, lies mainly on the supervision and regulation of banks. Much has been done in this area since the financial crisis, and maybe some of these regulatory projects could also be assigned to non-banks. 2. Higher capital requirements – not only for banks?
One of the main lessons from the financial crisis was that the rules governing the banking system were rather inadequate. We saw excessive risk-taking, insufficient loss absorbing capacity and banks that were “too big to fail” – to name just some of the problems that led to the crisis.