Financial regulators tighten grip on banks with series of rule changes
July saw amendments to Basel III, the signing of the Dodd-Frank reform bill, and the results of stress tests on European banks. Credit assesses how investor sentiment towards the banking sector has been affected by this activity.
The financial crisis of 2007–2008 triggered a global economic slump, the likes of which had not been seen since the Great Depression. Given its severity, governments and regulators were never going to allow the banking sector – which many believe was instrumental in the crisis – to go about its business as if nothing had happened. If 2008 and 2009 saw regulators focused on identifying the causes of the meltdown, 2010 is the year that has seen the introduction of measures to ensure such a
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