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2020 | OriginalPaper | Buchkapitel

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

verfasst von : Christian Dinesen

Erschienen in: Absent Management in Banking

Verlag: Springer International Publishing

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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.

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Vorheriges Kapitel The Cost of Financial Crisis: How Absent Management in Banking Became Costly

Nächstes Kapitel Conclusion

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Titel: What Has Changed: How Little Has Changed in Terms of Complexity, Producer Managers and Absent Management in Banking
verfasst von: Christian Dinesen
Verlag: Springer International Publishing
Buch: Absent Management in Banking
Print ISBN: 978-3-030-35823-5

Electronic ISBN: 978-3-030-35824-2

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-35824-2_13