Post Tagged with: "Financial Services (Regulation of Derivatives) Bill"

Two simple steps to transform the culture of banking and to forestall the next outrage

It’s time to privatise commercial risk in banking and insist on prudent accounts. Government should: Eliminate moral hazard from the financial system by implementing this measure to make bank directors strictly liable without limit and to treat as capital both directors’ personal bonds and, for five years, the bonus pool. Introduce […]

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