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
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.