Financial regulatory reform: What it means for bank business models

(First of three parts)BANKS face a sobering truth — the clear response under the intoxicating regulatory environment is to accept and adapt. The regulatory fine print and national versions of the reforms may still be in various stages of finalization, but enough is now known and can be known to assess the aggregate impact, and to consider the effects of regulatory changes on banks’ business models and the interdependent implications with the broader economy.