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[capitalCORN]

Big banks are initiating an effort to change laws regarding reporting suspicious banking behavior.

http://www.reuters.com/article/us-u...6c2b&utm_medium=trueAnthem&utm_source=twitter

 

[PsychoSoldier]

Big banks are initiating an effort to change laws regarding reporting suspicious banking behavior.

http://www.reuters.com/article/us-u...6c2b&utm_medium=trueAnthem&utm_source=twitter

They sure are the law & order party unless it's dealing with the ultra-rich.

 

[yanipheonu]

So what's gonna cause the next recession?

 

[vonStirlitz]

Not necessarily.

The increase in regulation and compliance costs is crippling the banks, which reduces their ability to lend to the system.

Additionally, compliance and law functions have been outsourced to private enterprise, raising the risks of liability on a lot of legitimate behaviour, militarising (or police sing) the private sector, and creating criminality or the taint of it where there was once none.

Sure, we need adequate rules to stop the Bankers being naughty. But we need to have a balance so we don't choke our own economy with regulations.

 

[TheOfficeMut]

My job would be directly affected by this considering I conduct due diligence analysis of companies and executives.

 

[TheOMan]

Not necessarily.

The increase in regulation and compliance costs is crippling the banks, which reduces their ability to lend to the system.

Additionally, compliance and law functions have been outsourced to private enterprise, raising the risks of liability on a lot of legitimate behaviour, militarising (or police sing) the private sector, and creating criminality or the taint of it where there was once none.

Sure, we need adequate rules to stop the Bankers being naughty. But we need to have a balance so we don't choke our own economy with regulations.

Economy seems to be doing fine with regulations as they are now.

 

[capitalCORN]

Not necessarily.

The increase in regulation and compliance costs is crippling the banks, which reduces their ability to lend to the system.

Additionally, compliance and law functions have been outsourced to private enterprise, raising the risks of liability on a lot of legitimate behaviour, militarising (or police sing) the private sector, and creating criminality or the taint of it where there was once none.

Sure, we need adequate rules to stop the Bankers being naughty. But we need to have a balance so we don't choke our own economy with regulations.

Somehow I doubt the banks are really substantially under duress due to current practices.

 

[vonStirlitz]

Somehow I doubt the banks are really substantially under duress due to current practices.

CRS and FATCA are having huge economic effects as banks deleverage and wipe out risky accounts as they try to comply with unreasonable standards created by uncommercial career bureaucrats who wouldn't understand a business case if it bit them in the arse.

Some regulation is necessary but the regulatory creep over the past five years has been insane.

 

[capitalCORN]

CRS and FATCA are having huge economic effects as banks deleverage and wipe out risky accounts as they try to comply with unreasonable standards created by uncommercial career bureaucrats who wouldn't understand a business case if it bit them in the arse.

Some regulation is necessary but the regulatory creep over the past five years has been insane.

But somehow the profits keep getting higher.
http://www.cnbc.com/2016/08/25/us-banks-just-recorded-their-most-profitable-quarter-ever.html

 

[Angry Grimace]

So what's gonna cause the next recession?

Trade war with Mexico/Canada

 

[Manmademan]

CRS and FATCA are having huge economic effects as banks deleverage and wipe out risky accounts as they try to comply with unreasonable standards created by uncommercial career bureaucrats who wouldn't understand a business case if it bit them in the arse.

Some regulation is necessary but the regulatory creep over the past five years has been insane.

These regulations didn't come about because some politicians thought regulation might be fun, they exist because ridiculous abuses by banks caused a worldwide financial collapse.

At some point "trust us, we won't do it again" doesn't fly.

 

[hydrophilic attack]

So what's gonna cause the next recession?

a tweet

 

[Ithil]

Dudes, regulations are like your mom telling you to stop playing video games and tidy your room, they're like the teacher giving you homework, they're totally square and un-radical.

 

[Sulik2]

So what's gonna cause the next recession?

More likely it will be sustained depression leading to a total collapse of the economy from massive automation of entire industries like transportation in the next decade. With zero planning and preparation for how to make a post labor economy work.

 

[Steeped in a Sea of Games]

Not necessarily.

The increase in regulation and compliance costs is crippling the banks, which reduces their ability to lend to the system.

Additionally, compliance and law functions have been outsourced to private enterprise, raising the risks of liability on a lot of legitimate behaviour, militarising (or police sing) the private sector, and creating criminality or the taint of it where there was once none.

Sure, we need adequate rules to stop the Bankers being naughty. But we need to have a balance so we don't choke our own economy with regulations.

I always see people attempting to argue things like this trying to dress it up, but rarely do I hear anyone mentioning what sort of regulations could be implemented to stop banks from basically destroying the economy whenever their greed causes them another whoopsie-daisy. If stopping banks from being reckless is hampering profits then perhaps their business model sucks.

 

[Got]

But somehow the profits keep getting higher.
http://www.cnbc.com/2016/08/25/us-banks-just-recorded-their-most-profitable-quarter-ever.html

but they need to get higherer

 

[IISANDERII]