The big banks of the US, Europe and Japan and also the regulators from these countries are now heading for a truce, as both of them are interested in getting out the current mess quickly. The bankers are willing to travel the extra mile to ensure better regulation and safety of the banking system across these countries.
The consensus on the need to avoid another big bank collapse has come out after both the sides hit at each other in the open.
The future course of actioning may not be that easy, as there could be more conflicts between the two in framing acceptable fool proof rules and regulations.
Banks and officials find common ground
January - 30 - 2010 - Saturday
