Encouraging. Where does the following quotation come from? “Over the last three months, financial regulation has made more progress in Europe than over the course of the past thirty years”. No, this is not a fairly recent affirmation made in this column. It is in fact, part of an editorial that appeared last week on the front page of “Le Monde”. After highlighting recent results, the illustrious French newspaper, renowned for its critical tone, explained that “these mechanisms do...