Government intervention and finance -- Bank regulation -- Bank concentration and central banks -- Universal banking, governance, and compensation -- Regulation of securities and capital markets -- Regulation and policy in the global recession

Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial banks. When they fail, as we saw in the global financial crisis, they pose significant risks to...