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More regulation not the answer to banking crisis

Reform

"A dangerous consensus"

Author: Nicholas Boys Smith

Publication date: September 2009

The report argues that increased State intervention and regulation is not the solution to the global banking crisis. The author suggests that greater Government control of the banking industry will make future banking crises more not less likely. The author also calls for a similar approach for hedge funds and states that no bank should be considered too big to fail.

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