So much effort and we still have TBTF

摘要

I was chatting to a veteran debt originator the other day. He commented that the past few years have been and probably continue to be the most fascinating ever for investment banking commentators like myself. He then sighed and gave me one of those wistful looks that gave me the distinct feeling that he didn't necessarily think the same about the post-crisis period for investment banks. He's probably right on both counts. For we media types, there's an almost endless supply of source material: from banks, policymakers, regulators, central banks, politicians, trade bodies, lobby groups, think tanks, NGOs and community groups. The art, if you like, resides in taking what you perceive to be relevant, forming a balanced view or adopting a stance based on real conversations.