How to fix global banking

Author: | Published: 9 Oct 2013
  • Regulatory efforts to clean up global banks must work within the current system and not seek to break up good banks from bad;
  • While the causes of the financial crisis in the US and Europe were similar, each requires different solutions for past mistakes;
  • The establishment of an EU banking union will form a critical part of the survival of the euro itself. But many hurdles stand in the way.

Regulatory efforts to clean up global banks must work within the current system and not seek to break up good banks from bad, industry leaders warned yesterday.

The global financial crisis highlighted a worldwide trend towards corporate mismanagement and reckless risk-taking in financial services organisations, as well a dearth of effective regulation to tackle such behaviour. Global policymakers’ attempts to provide greater transparency, more consumer protection and reduce banks’ risk appetite have since focused on separating banks’ trading activities from...


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register