He once said: “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” For regulators, the crisis definitely constituted that moment of decision. And for sure we cannot be criticised for doing nothing.
Time will tell whether we did the best – i.e. the right – thing. For my part, I am convinced that we did many things that were both worthwhile and right. 2. Different traditions, but ... When you think of financial crises, one of the first ideas that come to mind is the need to make banks more resilient.