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- Title
Banking Reform - Making Banks Pay for Their Mistakes.
- Authors
Lilico, Andrew
- Abstract
The article offers author's insights on the need for a banking reform to avoid the industry's collapse. The author states several difficulties in the prevention of bank failure including cost, the capability of regulators to control the risks, and the need to allow institutions that do bad to fail in a competitive market. It mentions several reforms including the use of storage and investment deposits, conversion of bonds to equity, and the need for investment depositors to be the top claimants.
- Subjects
BANK failures; REFORMS; BANKING industry; BANK deposits; BONDS (Finance); FINANCIAL institution management; PREVENTION; MANAGEMENT
- Publication
Economic Affairs, 2011, Vol 31, p4
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2011.02099_3.x