Evaluation of the global reforms implemented to deal with "too-big-to-fail banks".
The banking system is critical to society and requires attention and support. In doing so, however, tough love is preferable to complacency.
The discussions of the now-aborted merger of Germany’s two largest banks underlined supervisors’ concerns over creating banks that are too big or too complex to fail. While European banks are increasingly funded through securities that could be subject to a bail-in, transparency over how any resolutions would unfold is as yet very poor.