So if we want to discuss the costs of regulation to banks, we also have to talk about the costs of crises to the taxpayer – and then I do believe indeed that the figures add up. The regulatory reform will undoubtedly affect the future of the banking industry.
Though it might mean more time and effort for one bank or another in the short run, for society it  BIS central bankers’ speeches  1  means more stability in the long run – which will also benefit, not least, the banks themselves. 3. Banking supervision: increasingly international  However, regulation only defines the rules of the game.