Requiring systemically important financial firms to issue a meaningful amount of long-term debt would indirectly influence corporate governance by introducing at-risk debt holders as a constituency whose concerns management must monitor and address. A second kind of measure to align corporate governance at financial firms more closely to regulatory objectives is a substantive requirement or constraint upon decisions made within the firm.
Number 2, “If she can do it, maybe I can do it, too – and if not me then my daughters maybe can do it.” So I think that as a signal it’s important. It honestly gives me, I would say, additional responsibilities because I don’t want to let them down. That puts an additional weight on my shoulders. I have to honour that.