Comments on “Ethics Versus Ethos in US and UK Megabanking” by Edward J. Kane

Mark Carey

Journal of Financial Services Research, 2018, vol. 53, issue 2, No 7, 227-231

Abstract: Abstract Leaders of the global prudential regulatory community hope that recent reforms will remove the need for ex post discretionary assistance to banks in the future, particularly solvency assistance. If the reforms fail to do so, restructuring of the financial system is one possible alternative, and Kane's suggestion of changing the liability of individual bankers to push them more toward conformance with something like the Kantian imperative strikes me as the germ of an idea for restructuring that is worth further exploration.

Keywords: Banking; regulation; G28 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s10693-017-0287-0

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