Regulators’ ultimate aim is for banks to manage their businesses appropriately, implement sensible risk management, and have sustainable business models.
David Millar, former COO of PRMIA, feels that the creation of G-SIFIs will have a greater impact than just extra capital buffer and new reporting requirements.
Nicholas de Boursac, CEO of the Asia Securities Industry & Financial Markets Association (ASIFMA) feels the FSB and G20 will advise members to implement a universal Legal Entity Identifier by end 2012.
