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Safe to Fail

How Resolution Will Revolutionise Banking

Authors: Huertas, T.

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  • ISBN 978-1-137-38365-5
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Hardcover $42.00
price for USA
  • ISBN 978-1-137-38364-8
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  • Usually dispatched within 3 to 5 business days.
Softcover $39.99
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  • ISBN 978-1-349-48060-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Banks are entering a new environment. Regulation and supervision are becoming tougher, so that banks will be less likely to fail. If a bank does fail, bail-in rather than bail-out will be the new resolution regime, so that investors, not taxpayers, bear loss. Safe to Fail sums up the challenges that banks will face and how they can meet them.

About the authors

Thomas F. Huertas is Partner in the Financial Services Risk Practice at Ernst & Young, where he advises major financial institutions on risk, regulatory and strategic issues. He was formerly Alternate Chair of the European Banking Authority, a member of the Basel Committee on Banking Supervision and a Member of the Executive Committee at the UK FSA. Prior to joining the FSA, Dr. Huertas held a number of senior positions at a major global bank in North America and Europe. He is an Adjunct Professor at the Institute of Law and Finance at the Johann Wolfgang von Goethe University in Frankfurt and a member of the Financial Markets Group at the London School of Economics. He holds a Ph.D. in Economics from the University of Chicago. He has written extensively on banking issues, including his book, Crisis: Cause, Containment and Cure published by Palgrave Macmillan.

Reviews

'Thomas Huertas' book provides an interesting and timely account by a regulatory expert of all the reforms that are being enacted for a safer resolution of systemically important financial institutions. A must read for every supervisor, regulator, financial policymaker and member of a bank's Board of Directors or Executive Committee.'

- Axel Weber, Chairman, UBS

'Safe to Fail: How Resolution will Revolutionise Banking is a worthy successor to Huertas's excellent book Crisis: Cause, Containment and Cure. Huertas is a rigorously-trained economist, former banker and strategic planner who acted as a key regulator during the crisis. He is therefore uniquely qualified to analyse the future of banking in the post-crisis world. Beginning from the observation that too big to fail is too costly to continue he argues the way forward depends on making banks safe to fail. This innovative approach offers substantial potential advantages to banks, regulators and, most importantly, the general public. Although his analysis is rigorous, Huertas writes with remarkable lucidity. Moreover, his talent for aphorisms makes the book a pleasure to read and accessible to anyone who wants to understand the critical choices that will determine the future of banking.'

- Richard J. Herring, Jacob Safra Professor of International Banking, The Wharton School

'Public policy in this area is of great significance for the robustness and stability of the global financial system. It needs to be understood and to inspire confidence in governments, politicians, regulators and, of course, banks themselves. But the issues to be tackled in reaching the desirable end-state are protean in their complexity. This book provides an authoritative and very clear summary guide which deserves to be, and is likely to become, the definitive reference handbook. I commend it most warmly.'

- Sir David Walker, Chairman, Barclays


Table of contents (7 chapters)

  • Introduction: Resolvability Will Determine the Future of Banking

    Huertas, Thomas F.

    Pages 1-3

  • “Too Big to Fail” Is Too Costly to Continue

    Huertas, Thomas F.

    Pages 4-20

  • Less Likely to Fail: Strengthening Regulation

    Huertas, Thomas F.

    Pages 21-49

  • Less Likely to Fail: Sharper Supervision

    Huertas, Thomas F.

    Pages 50-81

  • Safe to Fail

    Huertas, Thomas F.

    Pages 82-133

Buy this book

eBook $29.99
price for USA
  • ISBN 978-1-137-38365-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $42.00
price for USA
  • ISBN 978-1-137-38364-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $39.99
price for USA
  • ISBN 978-1-349-48060-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Safe to Fail
Book Subtitle
How Resolution Will Revolutionise Banking
Authors
Copyright
2014
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-38365-5
DOI
10.1057/9781137383655
Hardcover ISBN
978-1-137-38364-8
Softcover ISBN
978-1-349-48060-9
Edition Number
1
Number of Pages
X, 230
Topics