The post-crisis world requires a major adjustment in bank business models, this is not some unintended consequence of overzealous regulation. It is a necessary, if painful adjustment to a new reality. England Deputy Governor Jon Cunliffe More Quotes by England Deputy Governor Jon Cunliffe More Quotes From England Deputy Governor Jon Cunliffe The implementation of the detailed reforms will inevitably throw up unforeseen effects in particular places, and where it is justified we will need to revisit issues, but we should be careful about talking about turning back the overall regulatory dial or trying to trade off the risk of financial instability for short-term growth. England Deputy Governor Jon Cunliffe company-news We're not seeing signs of that at the moment. Financial markets are not showing there is contagion or spreading of those risks to the periphery. England Deputy Governor Jon Cunliffe company-news It's a very volatile situation. It's a very fluid situation. It is a very dangerous situation. England Deputy Governor Jon Cunliffe company-news I very much hope that doesn't happen. I think the Greek government, the Greek people have made clear that they want to stay in the euro, and Greece's partners have made it clear that they want it to stay in the euro. England Deputy Governor Jon Cunliffe company-news
