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In an op-ed, Prof. Ingo Walter discusses governance and regulation in financial services

european financial review
Excerpt from The European Financial Review -- "In the end, it is probably leadership more than anything else that separates winners from losers over the long term – the notion that appropriate professional behaviour reinforced by a sense of belonging to a quality franchise constitutes a decisive comparative advantage. In the absence of this crucial ingredient, the financial architecture will have to rely even more on intrusive and sometimes suffocating regulation – extending well beyond systemic issues – to protect the general public from systemic risk, ultimately at substantial cost to financial efficiency and economic growth."

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