Far too often, people think that the private sector is solely responsible for creating wealth, and that the best the public sector can do is to redistribute that wealth. The reality is far more complex. That’s what I want to talk about today: how those complexities give rise not only to challenges, but also to opportunities.
Once the Basel Committee has concluded its review of the trading book, the Commission should assess whether the results would be sufficient to cover the risks of both deposit banks and trading entities in Europe.