UBS's Orcel Says Europe Lacks Determination on Banks

The video discusses the impact of US deregulation on European banks, highlighting the uneven playing field it creates. It contrasts the US's clear policy direction in financial services with Europe's lack of a defined strategy. The discussion also touches on Brexit's implications and the uncertainty surrounding Basel IV regulations. The industry has adapted to higher capital ratios and liquidity, but debates continue on the extent of necessary regulation.

In what ways has the focus on behaviors and culture changed within the financial industry?

What is the ongoing debate regarding the limits of financial regulation?