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Excerpt
Another Way to Make Finance Safer. Mark Roe, December 3, 2013, Opinion. "Since the financial crisis erupted in 2008, policymakers have sought to make the world’s banks safer, mainly via detailed instructions: use more capital, avoid specified risky activities, provide more transparency, and punish reckless behavior. But this approach to financial regulation, while laudable, requires officials to make, or shape, banks’ most important strategic decisions: capital levels, liability structure, and the scope of their business activities. And, while regulators often target bank executives’ incentives, they often leave intact the organization’s..." Link verified March 28, 2014