Bankers play down moral hazard

Josef Ackermann of Deutsche Bank

Josef Ackermann, the chairman of the Institute of International Finance (IIF), trade body for the global banking industry, has claimed that banks will not take advantage of being deemed too big to fail.

Speaking at the IIF's annual meeting in Istanbul on Saturday, Ackerman said: "There have been suggestions that banks prefer to take advantage of a too-big-to-fail world that supports excessive risk taking. We do not. It is clearly untenable that taxpayers should bear the burden of banking failure

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: