"The mood among investment banks that I talk to...is such that they expect that the regulation is over, they expect that they will be able to keep growing their balance-sheets, that they will be growing bigger than ever," says Axel Weber, chairman of ubs, Switzerland's biggest bank. As a former president of Germany's central bank, he is well placed to take the temperature of both bankers and their overseers. "The mood among the regulators I talk with is more like 'we haven't even started'."
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