“Bankers say they broadly support the G20’s regulatory push. However, many say authorities are moving too quickly, choking the profitability of financial firms at the same time governments are calling on them to boost lending to fuel the economic recovery.

Mr. Carney dismissed that argument in a speech to the IIF on Sunday morning. “If some institutions feel pressure today, it is because they have done too little for too long, rather than because they are being asked to do too much, too soon,” Mr. Carney said.”

via www.theglobeandmail.com