The objectives of the planned structural reform of EU banking are ambitious: to prevent systemic risk, avoid misallocation of resources, and facilitate an orderly resolution and recovery. The original idea of the reform is to split the deposit taking and lending business of a bank from its investment banking business. However, the proposal contains many […]
Martin Hellwig was appointed as Director of the Max Planck Institute for Research on Collective Goods and Professor of Economics at the University of Bonn in 2004. He holds a diploma in economics from the University of Heidelberg and a doctorate in economics from the Massachusetts Institute of Technology. He was the first chair of the Advisory Scientific Committee of the European Systemic Risk Board.