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The Incentives for Small Banks
Preston: Is there something similar happening in Europe to what happened in the US? And then more just your general thoughts on this incentive that's now popping out of these actions and what it means moving forward. Pryce: It all boils down to the incentive schemes that the regulators have given banks in the US and in Europe because obviously banks are there to try and make money. Their stability is so important that they are heavily regulated. The US has failed pretty miserably, I should say, in regulating small banks.