Book review: better bankers, better banks: promoting good business through contractual commitment by Claire A. Hill and Richard W. Painter

Coban, Mehmet Kerem (2016) Book review: better bankers, better banks: promoting good business through contractual commitment by Claire A. Hill and Richard W. Painter. LSE Review of Books (02 Feb 2016). Website.

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Abstract

In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: ‘covenant banking’. The authors’ suggestion of binding bankers to contracts that encourage accountability to stakeholders and increase personal liability for losses is an essential contribution to debates over the regulation of the financial sector. However, the wider structural factors that enable excessive risk-taking behaviour remain somewhat overlooked, writes Mehmet Kerem Coban.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/lsereviewofbooks/
Additional Information:	© 2016 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HG Finance
Date Deposited:	11 Mar 2016 16:08
Last Modified:	11 Dec 2024 14:48
URI:	http://eprints.lse.ac.uk/id/eprint/65697

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