BIS central bankers’ speeches  1  Hence, investors searching for yield today are doing so in a different environment altogether. For one thing, banks are in a weaker position. Large parts of the corporate sector now have a better credit standing than the banking sector. Logically, enterprises are now increasingly funding their operations via bonds, bypassing the banks.
2 The traditional intermediation provided by community banks, along with the relatively small scale on which each community bank provides these services, suggests that the principal relevant prudential aim should be the equally traditional one of protecting the deposit insurance fund.