Arrogance! Les banquiers ne changeront pas!

J'ai trouvé cette petite histoire tout à fait d'actualité!
This year, a European banker consulted the Reserve Bank of India to learn how to get a banking licence in India. He was briefed on the conditions and told that the Indian authorities would also assess his regulator. The European banker smiled and said: “No problem. We have excellent regulation.” The Indian officer replied: “After subprime, we are not sure of US regulation; after Northern Rock, British regulation; after Société Générale, French regulation and after UBS, Swiss regulation.” In short, the gold standard that the west assumed it had in the field of regulation has vanished. Asians realise that they must forge their own standard. Fortunately, there will be no rush to overregulate. Tony Tan from the Government of Singapore Investment Corporation said: “We should guard against overregulation and protectionism and a retreat from globalisation.”

http://www.ft.com/cms/s/0/0015ba10-a4fb-11dd-b4f5-000077b07658.html