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Are banks public utilities? Evidence from Europe

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  • Philip Molyneux

Abstract

The regulatory response to the global financial crisis has been to instal a myriad of new rules in order to improve bank capital and liquidity, as well as to reduce systemic risks through structural reform. All these new rules place a straightjacket around banker’s activities and inhibit their operational freedom. This new environment has made European banks look less like private free-wheeling profit-maximising firms and more like public utilities. The utility services banks provide to society means that they should be overseen even more heavily. This includes greater regulatory oversight of bank pricing, profitability and service provision.

Suggested Citation

  • Philip Molyneux, 2017. "Are banks public utilities? Evidence from Europe," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 20(3), pages 199-213, July.
    • Handle: RePEc:taf:jecprf:v:20:y:2017:i:3:p:199-213
    DOI: 10.1080/17487870.2017.1294073
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    Cited by:

    1. Satish Thosar & Bradley Schwandt, 2019. "Has ‘Too Big To Fail’ Been Solved? A Longitudinal Analysis of Major U.S. Banks," JRFM, MDPI, vol. 12(1), pages 1-14, February.

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