Ensuring no industry becomes too big to fail can be achieved by changing the way companies are run. The aim is to develop a sustainable model for corporations.
The big four banks will be hit with a new bank levy.
Joel Carrett/AAP
Oz Shy, Massachusetts Institute of Technology (MIT)
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the ‘bigger’ picture.
When banks fail, it’s customers that usually end up out of pocket.
Ronen Zvulun/Reuters
Ed Miliband’s heavily-trailed speech on banking reform was no political game-changer; however, it broadened and deepened his One Nation theme and set out specific policy proposals to help restore Labour’s…
Deposit insurance has been mooted for Australian banks - but should we accept as given current banking structures which create too-big-to-fail banks?
AAP
Kevin Davis, Australian Centre for Financial Studies
There is a growing chorus of support for introduction of a fee for the protection provided to bank deposits (up to the $250,000 cap) by the Financial Claims Scheme (or deposit insurance as it would be…