Too Big to Fail III: Structural Reform Proposals: Should We Break Up the Banks?

Description

The volume is a collection of articles based on presentations given at a conference titled “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks ?” hosted by the Institute for Law and Finance on January 21, 2014 – the third session of a series on the topic “too big to fail” with the previous conferences “Too Big to Fail – Brauchen wir ein Sonderinsolvenzrecht für Banken” and “The Bank Recovery and Resolution Directive”. Deals with the highly topical issue of revised bank capital rules known as Basel III. Focuses on the consequences for financial institutions and investors. Table of Contents The Authors Introduction Cutting the Gordian Knot or splitting hairs – The debate about breaking up the banks “What kind of financial system do we want – A global private sector perspective” Rescue by Regulation? Key Points of the Liikanen Report Bank Structural Reform and Too-big-to-fail The Volcker Rule Confronting the Reality of Structurally Unprofitable Safe Banking Ten Arguments Against Breaking Up the Big Banks Structural Solutions: Blinded by Volcker, Vickers, Liikanen, Glass Steagall and Narrow Banking Structural Separation and Bank Resolution