Moynihan: Market Bringing Back Discipline to Leverage

The video discusses corporate credit, highlighting how banks are becoming permissive with loan terms. It covers leverage finance, market discipline, and the competitive environment in the credit cycle. The speaker emphasizes that while credit risk is low, it will rise, reflecting economic conditions.

What does the speaker imply about the competitive environment for banks?

What is the speaker's perspective on the future of credit costs in the industry?