The summer is over, markets and economies are fragile and an almighty fight over global financial rules has begun; bankers and policymakers should spare us the rhetoric and disingenuous arguments, and finally get serious.
In the next few months, regulators from 27 countries will hammer out new capital requirements that will determine the business models and profitability of banks around the world.
At the same time, US rule-makers are writing detailed provisions for the Dodd-Frank law that will reshape the way lenders do business with customers ranging from the man on the street to General Electric.
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