Citi: Wrapping up risk


If there is one thing bankers hate, as a general rule, it is unintended consequences – the collateral damage caused by post-crisis regulation. But while the industry has been quick to highlight policy failures, it has been less vocal about policy successes.

Brian Leach is different. “It’s critical that a regulatory capital structure is established that will discipline a bank’s activities and facilitate resolvability. We need a capital structure where every stakeholder understands the hierarchy a

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