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Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

Claire A. Hill, Richard W. Painter




[PDF.mn00] Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

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 | #1343324 in eBooks |  2015-10-19 |  2015-10-19 | File type: PDF

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“A thoughtful, modern exploration of a pernicious problem: excessive risk-taking in banking. Better Bankers, Better Banks offers an original and path-breaking perspective to the problem, including a brave remedy to reestablish professionalism

Taking financial risks is an essential part of what banks do, but there’s no clear sense of what constitutes responsible risk. Taking legal risks seems to have become part of what banks do as well. Since the financial crisis, Congress has passed copious amounts of legislation aimed at curbing banks’ risky behavior. Lawsuits against large banks have cost them billions. Yet bad behavior continues to plague the industry. Why isn’t there more change?
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