What Has Changed: How Little Has Changed in Terms of Complexity, Producer Managers and Absent Management in Banking

Christian Dinesen ()
Additional contact information
Christian Dinesen: Dinesen Associates Ltd.

Chapter Chapter 13 in Absent Management in Banking, 2020, pp 245-269 from Springer

Abstract: Abstract Regulation following the 2008 financial crisis was about more of the same. Banks should now hold so much more capital that they could not fail. Banks were not simplified due to their successful lobbying. Regulation became more complex, which made it more difficult to implement and supervise. Some regulation was so complicated that it has still not been implemented more than a decade after the crisis. Complexity favoured larger banks with the resources to understand and take advantage of the regulation. J.P.Morgan’s investment losses in London, Danske Bank’s money laundering and Goldman Sachs’ Malaysian issues bear hallmarks of absent management. No one would manage that badly.

Keywords: Regulation; Complexity; Absent management; Danske Bank; Goldman Sachs (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-35824-2_13

Ordering information: This item can be ordered from
http://www.springer.com/9783030358242

DOI: 10.1007/978-3-030-35824-2_13

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().