Ingves: ‘no doubts’ about post-crisis regulation
Concerns about increased market fragility are outweighed by benefits of new regulation, says Basel chairman: "It's a gain for society to do what we have done."
Stefan Ingves, chairman of the Basel Committee on Banking Supervision, has dismissed concerns about the impact of post-crisis regulation on financial markets, arguing any damage is more than outweighed by the increased robustness of the financial system as a whole.
"Given we know what the cost of a crashing financial system is, I think the work that has been done is an investment with very high return. Some things are fundamentally meant to change in the financial sector," Ingves said in an
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