Cover the business of banking for long enough and you will develop a certain numbness to complaints about the regulatory burden. Excessive burden is the main objection to new rules affecting the industry, and opposition to new rules is pretty much reflexive among bankers.

But when you look at the flood of new regulations facing the industry right now, and add to that the significant pile of new requirements put into place over the past several months, their complaints about being suffocated seem less like an overstatement.

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