IMHO, the top 10% of management of a TBTF institution should get to spend a year in prison if that institution requires a bailout. Effective incentives are probably easier to design, less expensive, less complex and more effective than regulations. FAFO.
Informative sum-up. Similar objectives and issues in various jurisdictions
https://organon.substack.com/p/dealing-with-digital-bank-runs-boe?r=5rmgdf
https://organon.substack.com/p/us-banks-and-all-that-jazz-why-jpm?r=5rmgdf
IMHO, the top 10% of management of a TBTF institution should get to spend a year in prison if that institution requires a bailout. Effective incentives are probably easier to design, less expensive, less complex and more effective than regulations. FAFO.
Thanks Tom. The winds of change bringing new relief?