Speaking at the ESRB conference in Frankfurt

As you may imagine, we're unlikely to get much, if any at all, mon pol chat.

  • Overbanking is a factor in the low levels of bank profitability

  • Overcapacity also means the sector is not efficient

  • Life insurers face weak profitability unless they reform their business models

He's got lots to say about how others should run their businesses. Reminds me of the saying about people in glass houses...

BOE's John Cunliffe is due to speak from the same conference too, at the bottom of the hour.