She claimed that the resilience of banks in the face of the coronavirus pandemic was thanks to the swathes of financial regulation introduced by the EU after the crisis.
Myself I think it might be likely that it’s about the stonking mountains of capital they have to hold these days. But, you know, opinions differ:
She added, “What we want to have as effective regulation, we do not like light touch and deregulation is not on our agenda.”
That’s just stupid.
Sometimes less regulation is more effective. As is light touch and so on.