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Banks are Facing New Regulations

“Another indication of the changing regulatory environment took place during a May 17 confirmation hearing on the appointment of a new British financial watchdog, Donald Kohn. A former Fed vice chairman, Kohn told British lawmakers he had abandoned his belief that bankers’ self-interest would keep markets safe.

“Banker and regulator, Dimon and Kohn represent rival poles in the struggle to reconcile economic growth and financial stability. Their remarks really concerned the lessons of the worst financial crisis since the Great Depression – and the danger, say some, that those lessons already are being forgotten…”

From Bloomberg News via Reading Eagle Banks are facing new regulations.

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