CHAPTER 12 Banking regulation in practice
Now it is true that banks are very unpopular at the moment, but this [banking regulation] seems very much like a case of robbing Peter to pay Paul.
“Taxing the banks? A vague idea that seems unlikely to work”, The Economist, July 20th 2011
12.1 Introduction: Banking Regulation in Principles
It is probably not surprising that the banking industry is often one of the most heavily regulated industries across countries. One obvious reason is that banks are playing a crucial role in providing financial resources and desirable financial services to the real economy, so that bank failure and a banking crisis usually incur huge costs for the entire economy, as Chapter 1 shows. ...
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