Recent bank bailouts show that the Single Resolution Mechanism is woefully inadequate, writes Jean Dermine, professor of banking and finance at graduate business school Insead.
The Bracken column
The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.
Latest articles from Bracken
The public-private solution to the Asean's infrastructure conundrum
August 28, 2017After a spell of economic success, the 10 member-states of the Association of South-east Asian Nations face a more challenging future due to both infrastructure deficiencies and a rapidly changing demographic. Don Kanak, chairman of Eastspring Investments, explains why businesses and governments must come together to confront the issues.
Risk management in the banking sector: the role of management accountants
July 24, 2017Risk management is a permanent fixture of the financial world, so it is wise to take the smart approach to hiring management accountants, writes Andrew Harding of the Association of International Certified Professional Accountants.
The importance of a Brexit adaptation period and a capital markets union
July 3, 2017BNY Mellon's Michael Cole-Fontayn calls for the financial community to unite in urging policy-makers to mitigate disruption during Brexit, and ensure the preservation of open financial markets.
Banks should heed ECB guidance on bad loans
May 29, 2017Europe is stooped under the weight of its non-performing loans. However, the European Central Bank has now issued detailed guidance on managing NPLs that could be adopted as bank strategy, says Conor Houlihan of law firm Dillon Eustace.
Should the UK pay financial rewards to whistleblowers?
May 2, 2017UK authorities have so far balked at the suggestion of introducing significant US-style financial rewards for whistleblowers. Hannah Laming of law firm Peters & Peters asks if it is time for a rethink.
Financial exclusion: an unintended consequence of derisking
March 27, 2017Outdated legislation and unclear government policies mean less developed countries are the ones to suffer as a result of anti-money laundering strategies.
Embracing technological innovation can safeguard and improve financial industry's future
February 27, 2017Although technology can sometimes feel like a threat, financial institutions that embrace it can slash costs, reduce cyber risks and better meet customer needs, says Timothy Adams of the Institute of International Finance.
How should banks proceed into Iran and Myanmar?
January 30, 2017Western banks are understandably cautious about doing business in Myanmar and Iran, even after changes to sanction rules were introduced in 2016. Matthew Oresman and Aaron Hutman of Pillsbury Law negotiate their way around what remains a delicate subject for many.
Six key steps towards resetting the Greek banking system
January 2, 2017As Greece works towards moving out of recession, the removal of capital controls are essential. But there should be strict conditions before this happens, warn Nikolaos I Georgikopoulos and Michael L Pinedo.