OPINION

Bank sector needs trust (and scepticism)

News, Prasarn Trairatvorakul, Published on 27/04/2012

» Trust is the cornerstone of the financial industry. But it should also be added that trust alone is not enough. We also need to have a good dose of healthy scepticism. The reason for this is that we must avoid, on the one hand, overly trusting market mechanisms or, on the other hand, overly trusting in regulation. This is because of the rapid changes in the financial system and how risk is transmitted.