independent.ie: Banks should be afraid of regulator – Anglo was not

The reason is regulation. The Canadian regulators did their jobs in the 1990s and the 2000s. They kept a tight rein on the banks and what they were doing, knowing full well that, left to their own devices, banks will over-lend if they get the chance because banks make money from lending out money, not taking in deposits. The Canadians also understood that, unless the regulators are vigilant, banks will undermine the economy because banks are not like normal businesses.

Mein Blog befasst sich in einem umfassenden Sinn mit dem Verhältnis von Wissen, Wissenschaft und Gesellschaft. Ein besonderes Augenmerk richte ich dabei auf die Aktivitäten des Medien- und Dienstleistungskonzern Bertelsmann und der Bertelsmann Stiftung.