As a practical matter, though, much post-crisis regulatory reform has been directed at strengthening the traditional form-based foundation, though perhaps to a somewhat greater degree in the United States than in some other financially important jurisdictions.
Sentiment indicators remain in expansionary territory and 1/4  BIS central bankers' speeches  are still well above long-term averages for most sectors and countries. Moreover, the underlying momentum is still supported by favourable financing conditions, a robust labour market and steady income and profit growth. The ongoing expansion has led to strong employment gains.