
The unfulfilled promises of financial regulation
Benoît Lallemand and Gerhard Schick
With further bank failures, tough regulation is urgent, so society is no longer held hostage by finance.
Author profile
Gerhard Schick holds a PhD in economics, is a former member of the Bundestag and co-initiated the citizens’ movement Finanzwende, of which he is chief executive.

Benoît Lallemand and Gerhard Schick
With further bank failures, tough regulation is urgent, so society is no longer held hostage by finance.

A gang of bankers and lawyers has plundered the treasuries of eleven European countries. The estimated damage from what is known until now: over 55