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Banking On Our Future
Report

Banking On Our Future

The Value Of Big Banks In A Global Economy

Patrick Sims
Hamilton Place Strategies, 2013
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Editorial Rating

7

Qualities

  • Innovative

Recommendation

Following the 2008 banking crisis, many commentators have called for the breakup of America’s megabanks, which they see as too powerful and untouchable. Research analyst Patrick Sims disagrees. He believes the US’s big banks are too valuable to society to dismantle. getAbstract recommends Sims’s simple, well-argued – if somewhat one-sided – text to regulators and to individuals with a stake in the makeup of the financial sector.

Take-Aways

  • America's megabanks are valuable to society and should not fragment; only they can achieve economies of scale and provide the services their international customers need.
  • Since the recent banking crisis, regulators have made the financial system safer by implementing Dodd-Frank, Basel III and many other regulatory measures.
  • Syndicated loans pooled from numerous small banks are not adequate substitutes for the loans large banks provide.

About the Author

Patrick Sims is director at Hamilton Place Strategies, a policy consulting firm.

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