Efficient financial regulation theories necessarily derive from lucid postulates about the general invariability of human nature, specifically where financial institution executives are involved (see the latest contributions from the field of evolutionary psychology). There is little chance that this will change much over the next few decades -but it is no use complaining, seeing as greed has always been (and will always be) one of the most powerful drivers of capitalist progress.

Quelle régulation financière pour le XXIè siècle ? Article in Le Cercle Les Echos (2012): Financial Regulation Theory (2012).