Are megabanks still a problem?
The financial crisis 12 years ago triggered a vigorous debate on whether large banks had become too big from the standpoint of financial stability, enforceability of law, and a sustainable political economy of financial oversight. In the meantime, the environment has changed, but the potential challenges posed by “megabanks” have not disappeared.
Joining this episode of Financial Statements were:
Nicolas Véron, Senior Fellow, Peterson Institute for International Economics (PIIE)
• Arthur Wilmarth, Professor of Law, George Washington University Law School, and author of Taming the Megabanks (Oxford University Press) [presentation]
• Anna Gelpern, Nonresident Senior Fellow at PIIE and Agnes N. Williams Research Professor at Georgetown Law