Q&A: Mark Branson on the too-big-to-fail problem, modelling and Basel III
Switzerland went first – and furthest – on post-crisis banking reforms, making its industry a test case for the impact of the new regime. But it has not yet solved the too-big-to-fail problem, Mark Branson, chief bank supervisor at Eidgenössische Finanzmarktaufsicht, tells Duncan Wood
It has been five-and-a-half years since Northern Rock and IKB Deutsche Industriebank became the first of hundreds of banks to be bailed out as a result of the crisis – eventually consuming trillions of dollars of public money in the US and Europe – but the world’s systemically important banks are still too big to fail, and no-one should be expecting the problem to be solved anytime soon, says Mark Branson, head of the banks division at Switzerland’s prudential regulator, Eidgenössische
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