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Academia Defines a Good Bank

Academia Defines a Good Bank

Mazars Partners interviewed academics to get their take on the definition of a good bank.

Stephen M. Brecher, Senior Advisor based in New York City, conducted an interview with Geoffrey P. Miller, Stuyvesant P. Comfort Professor of Law, Center for Financial Institutions, New York University School of Law:

A good bank contributes to the efficiency of financial markets by distributing liquidity to socially desirable uses, complies faithfully with its legal obligations, and if a commercial bank, facilitates the operation of a safe and reliable payments system. A bad bank on the contrary distributes liquidity to uses that are not socially desirable, fails to comply faithfully with legal obligations, including obligations to regulators, shareholders, creditors, and borrowers, or fails to facilitate the operation of a safe and reliable payments system.

Read the full interview by clicking here.

Rosanna Vicari, Partner based in Italy, asked Michele Rutigliano, Full Professor of Banking and Finance at the University of Verona, SDA Bocconi School of Management, to share his views:

A bank that respects laws and rules – not only from a formal point of view, but who above all cares about sound and prudent management just as much as the interests of their clients. However there are no rules, no matter how precise or detailed, that can actually prevent ‘deviant’ behaviour. Therefore it is necessary for banks to show respect and support for the ‘spirit’ of ‘a good bank’ – a change in thinking and a greater severity of punishment for bad management.

Read the full interview by clicking here.

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