Size is not everything

President Obama's proposal to reduce the size of banks and split off the risky operations will, if implemented, reduce the risk of future systemic banking crises. However, it will still leave a number of problems in place. It is intended to cut the number...

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Breaking up the banks

It seems that the nationalised UK banks are due to be broken up in response to a perceived lack of competition. This is a sensible move, and could also have a further benefit: it could reduce the number of financial organisations that are "too big to...

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Reforming bank bonuses

It is reported today that the highest earning employees of US banks in receipt of government aid will have their salaries slashed and remaining remuneration paid in stock that must be held for years. These are both ways in which the significant agency...

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