John Vickers, 15 February 2016

Much stronger capital buffers are fundamental to banking reform. But seven years on from the Global Crisis, the question of how much stronger has not been fully decided. This column reviews the Bank of England’s recently published framework for the systemic risk buffer. It is suggested that the Bank should go further than it proposes, and require stronger capital buffers for systemically-important retail banks.

Thorsten Beck, 25 October 2011

For better or worse, banking is back in the headlines. From the desperate efforts of crisis-struck Eurozone governments to the Occupy Wall Street movement currently spreading across the globe, the future of banking is hotly debated. This VoxEU.org eBook presents a collection of essays by leading European and American economists that discuss both immediate solutions to the on-going financial crisis and medium- to long-term regulatory reforms.

Viral Acharya, 25 October 2011

The Vickers Commission recommends separating commercial and noncommercial banking activities in order to protect core financial functions from riskier activities. This column warns that such ring-fencing may fail because there are still incentive problems in traditional banking activities. The accompanying risk-weighted capital requirement recommendations will address this only if we do a better job of measuring risks.

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