Lots of regulatory reforms aimed at the banks will slow down the global recovery of the bank system, warned Josef Ackermann, head of Deutsche Bank. On the one hand the man is absolutely right, because existing proposals are notable enough and new rules keep coming up, e.g. the tough new liquidity rules announced by the FSA (Financial Services Authority). These regulatory reforms will bring a cost that will incline banks' ability to lend, but regulators are aware of this tendency and the FSA has so far managed to flexibly implement this rules to prevent them from undermining the global recovery and economic competitiveness of the U.K. Anyhow, there will certainly be a heavy cost to the banks and some even to their customers, because there is no painless way to avoid bank failures in the future.Philippe Pauwels
Source: Times Online - October 6, 2009 - No painless way to avert future bank disasters
1 opmerking:
Lots of regulatory reforms aimed at the banks will slow down the global recovery of the bank system, warned Josef Ackermann, head of Deutsche Bank. On the one hand the man is absolutely right, because existing proposals are notable enough and new rules keep coming up, e.g. the tough new liquidity rules announced by the FSA (Financial Services Authority). These regulatory reforms will bring a cost that will incline banks' ability to lend, but regulators are aware of this tendency and the FSA has so far managed to flexibly implement this rules to prevent them from undermining the global recovery and economic competitiveness of the U.K. Anyhow, there will certainly be a heavy cost to the banks and some even to their customers, because there is no painless way to avoid bank failures in the future.
If your write 'on the one hand' at the beginning of your text, I expect 'on the other hand' somewhere later on.
step away even further from the original text. Try to make the text your own.
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