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"Too big to fail" - Is There Such a Thing?

August 1, 2012

Nearly four years after its creation, the German SoFFin bank rescue fund is still propping up the country's financial industry. Now, the European Stability Mechanism is pouring 100billion more into Spanish banks, calling them "system-relevant".

https://p.dw.com/p/15hR1

What system is meant here? Should the risks banks are allowed to take be regulated? Why shouldn’t ailing banks be allowed to fail? Former WestLB supervisory board chairman Bernd Lüthje provides insights behind the scenes of the "system". Now that he's retired, he's been speaking out on what changes he thinks the banking sector needs to make.