That such disruption flows from the action of regulators is not in alignment with the post-GFC global 9  consensus on de-risking financial markets. All regulated entities understand the costs and constraints of compliance. It cannot be anyone’s argument that replicating such obligations for every regulator in every jurisdiction is an efficient arrangement.
* * * It is a great pleasure for me to be here with you today and have the opportunity to update you on economic and financial developments, and more importantly to share my thoughts on the growth prospects of the Greek economy.