useful and timely caveat from the comptroller of the currency November 30, 2016Posted by Bradley in : financial regulation , trackback
Thomas Curry, in a speech at The Clearing House Annual Conference:
I am glad that our banks and the banking system are stronger today, but now is not the time to let our guard down. Those who have been in this business for more than one cycle know a downturn will come. Effective regulation and supervision will help ensure that the trough will not be so deep or so wide. Those who forget or choose to ignore the lessons of the last crisis do so at their own peril and increase the risk to all of us.