Lifetime achievement award: Wilson Ervin

Lifetime achievement award: Wilson Ervin

risk0114-wilson-ervin-1-lifetime-achievement
Wilson Ervin, Credit Suisse

The aftermath of the financial crisis has been a boom time for ideas, but most of those that have got anywhere have been small, such as incremental changes or refinements. Wilson Ervin, New York-based vice-chairman of Credit Suisse, is behind one of the few big ideas to have taken root – bail-in – the notion that a major bank collapse could be resolved by forcing losses onto its bondholders. It still has its critics, but regulators in Europe and the US have put bail-in at the hear

To continue reading...