In the still fragile environment we face today, what is essential is that policy works to reduce uncertainty – and does not become a source of uncertainty itself. At the same time, policy cannot be an excuse for financial firms to put off revising their business models and updating their technologies.
To build confidence in the European financial sector, all actors need to play their part. The post-crisis environment is a challenge, but it is also an opportunity: for the financial sector to become more profitable, more efficient and more stable.