Too Big To Fail (And Offend): Since the financial crisis, governments and prudential regulators around the world have demonstrated an inability and...

Too Big To Fail (And Offend): Since the financial crisis, governments and prudential regulators around the world have demonstrated an inability and unwillingness to seriously confront banks about capital and tackle the problem of too big to fail. There has been little appetite for governments to undertake an upheaval of capital regulation and to protect taxpayers from remaining on the hook for banks' excessive risk taking. As has been the case across other countries, the bite of the Murray Inquiry will be far less menacing than its bark. Which is a shame, because it represents a missed opportunity to create a resilient financial system. That much will become obvious in years to come. (VIEW LINK)