“Following the banking crash the regulatory deckchairs were rearranged; but little has changed. Despite their failures, regulators continue to rely on credit rating agencies and accountancy firms.
This reliance on external advisers means that the regulators have failed to develop an adequate in-house knowledge base and are in a poor position to manage the risks of bank behaviour. Let’s hope it doesn’t take another crash of the financial market to encourage the IMF and the regulators to reflect on institutional failures in the banking system that is at the heart of the global economy.”
Prem Sikka, dizendo o óbvio, (há que dizê-lo as vezes que forem precisas) aqui, sugerido pelo Filipe Morais.