TBTF: Too brilliant to fail

Much has been written in the aftermath of the 2008 financial crisis on how we can avoid the “Too Big To Fail” bank problem.

Resolutions have been made; greater cooperation between governments, regulators and market participants brokered; rainy day money pots established; corporate governance arrangements tightened; clearer “responsible persons” regimes commissioned; and “bubble” early warning sirens have been rewired and amplified.