Bischoff: 'Some Way to Go' on Public Trust of Banks

The video discusses whether banks have regained public trust post-financial crisis. It highlights improvements in financial performance, capital levels, and regulatory attention. Mervyn King's book suggests little has changed structurally in banking, but the speaker disagrees, noting changes in capital and liquidity regimes. The focus is on ensuring banks can resolve issues independently without relying on central banks.

What factors have contributed to the restoration of public trust in banks?

• Higher interest rates and fewer regulations

• Decreased levels of capital and less regulatory attention

• Lower interest rates and more regulations

• Increased levels of capital and regulatory attention

What is the main argument presented in Mervyn King's book?

• Public trust in banks has been fully restored.

• Banks have fundamentally changed since the financial crisis.

• Central banks have become less important since the crisis.

• Nothing fundamentally changed in banking structure after the crisis.

How does the speaker view the changes in banking since the financial crisis?

• There have been no significant changes.

• The capital and liquidity regimes have remained the same.

• There have been changes in capital and liquidity regimes.

• Banks are less cautious now than during the crisis.

What is the role of central banks according to the speaker?

• Central banks should always be the lender of last resort.

• Central banks should not be the lender of last resort.

• Central banks should focus on increasing interest rates.

• Central banks should decrease their involvement in the economy.

What is the speaker's opinion on the approach of bank boards and CEOs?

• They are less cautious than before the crisis.

• They are more cautious than before the crisis.

• Their approach has not changed since the crisis.

• They are focused on increasing risks.