One would imagine that this regulation was an effective way of preventing bankers from engaging in overly risky behaviour. Apparently, it was not. In 1321, Catalonian banking regulation was tightened: henceforth, any banker who failed to meet his clients’ demands faced the threat of being beheaded in front of his bank.
I would say that under such a rigid regulatory regime, banking really was a risky business. Ladies and gentlemen, I can reassure the bankers among you that no regulatory authority wants to implement measures from the Middle Ages. Contemporary banking and medieval banking have as much in common as a Ferrari and a donkey cart.