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Regulation is good for banks

May 5, 2012 - Harry Eagar
American bankers routinely travel to Washington to lecture Congress that regulation will impair their competitiveness in an international framework. They are wrong, as they are about most aspects of finance.

A Bloomberg study provides evidence from north of the border: Canadian banks are the strongest in the world. Nut graf:

"Canadian banks invoke their strong capital levels, the country’s conservative lending culture and strict regulatory oversight under a single supervisor as reasons for their showing. The supervisor requires Canadian banks to hold a higher level of capital than do international standards."

A telling quotation from a Singaporean banker, also among the best:

" 'Singapore’s economy has performed quite stably and quite well, and for the Singaporean banks, we have real economic activities to finance,' Oversea-Chinese Banking CEO Samuel Tsien says. He credits the bank’s strength partly to its risk management practices."

Where did his bank rank?

Number One

Imagine that, banking on real economic activity and risk management. What a concept!


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