Saunders, Anthony; Schmid, Markus; Walter, Ingo - School of Finance, Universität St. Gallen - 2014
The issue of optimum bank scope is central to many proposals for banking system reform. For example, a core component of the Dodd-Frank Act (2010) and regulatory proposals in the UK and the EU has been the concept of “ring-fencing” – i.e., restricting banks’ activities to their core...
