Credit Risk Summit: Safety before profits, French supervisor says

Sylvie Matherat, director of financial stability at the Banque de France and a member of the Basel Committee on Banking Supervision, today raised the spectre of stricter regulation holding down bank profits.

Speaking at Risk magazine's Credit Risk Summit 2009 in London, she said regulators had been urged not to "waste the opportunity to change the way the financial system is regulated, to try to build a safer financial system more resilient to the crisis, and maybe, I guess, less profitable. We

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