Taxpayers still vulnerable to bank failures

Quote of the day: 'Unfortunately it's about herding cats. Progress is patchy.' That's the verdict on G20 countries' efforts to reform banks, according to an anonymous pundit speaking to Reuters today. Taxpayers remain exposed to the biggest banks in the event of collapses, because governments have been slow to implement any new legislative protections since the crash in 2008. As it stands, it looks like Spain's taxpayers could be about to deal with a tranche of bank-collapsing mayhem...

by Michael Northcott
Last Updated: 09 Oct 2013
.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Could coronavirus lead to gender equality?

Opinion: Enforced home-working and home-schooling could change the lives of working women, and the business...

Mike Ashley: Does it matter if the public hates you right now?

The Sports Direct founder’s response to the COVID-19 pandemic has drawn criticism, but in the...

4 films to keep you sane during the coronavirus lockdown

Cirrus CEO Simon Hayward shares some choices to put things in perspective.

Pandemic ends public love affair with Richard Branson et al

Opinion: The larger-than-life corporate mavericks who rose to prominence in the 80s and 90s suddenly...

The Squiggly Career: How to be a chief strengths spotter

When leading remotely, it's more important than ever to make sure your people spend their...

"Blind CVs don't improve your access to talent"

Opinion: If you want to hire socially mobile go-getters, you need to know the context...