All this, together with the strength of the recovery, is reassuring, also in light of the weaknesses that still affect our economy and which, over the past few decades, have caused the per capita income gap with other advanced countries to widen progressively.
Or think of the issue of accounting standards: How complex is the system if it remains hard to compare the balance sheets of US banks with those of European banks? So, I believe that complexity is mainly caused by the multitude of approaches; not by a single regulatory step.