We investigate the effects of the abolition of double liability requirement imposed on bank shareholders in Canada on … bank risk-taking and lending behavior. Under the double liability rule, the shareholders of a bank were liable up to twice … double liability requirement became less stringent and depended on the pace of the redemption of notes in circulation issued …

conventional model of governance. I therefore propose a modification to that model: a regime of double bank shareholder liability …

the banking industry, many involving the largest and best-known banks. The law has attempted to address these problems …, but has not done so successfully. Indeed, society overall has not sufficiently condemned problematic behavior in banking … liability would not be unlimited, but it should potentially adversely affect the banker's standard of living. Ideally, the …