“To weather a storm, it appears to me that you should in the first place not unleash the storm itself”
“All alternatives are usually considered before ‘wielding the axe’ on banks. Revocation is really the last recourse”
“By killing the smaller banks, we are pushing business away towards more concentration in our banking sector, thus resuscitating the risk of ‘moral hazard’ when people move increasingly towards the ‘Too Big to Fail’ banks, thinking they would be safer”
“ I am not quite sure the Financial Services Commission would have allowed the BAI to operate if it was a Ponzi scheme”
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