MSc Global Banking - Are Banks Too Big To Fail?

In this taster lecture we will look at some of the material covered in the first lesson of the module on Financial Regulation and Supervision, that is part of our Global Central Banking and Financial Regulation MSc. The lecture assesses whether there is evidence that banks are indeed Too Big To Fail (TBTF), and if they are, what are the channels through which moral hazard might work.

In the taster component we will explore recent scholarly literature which creates a testable empirical hypothesis to identify TBTF. We will discuss how this hypothesis can be evaluated. We will then assess what the evidence suggests as to the size of the implicit TBTF subsidy which the largest banks enjoy.

John is the Professor of Financial Economics at Warwick Business School (WBS), University Of Warwick. John's research interests are in Pricing Strategy and Employee Incentives. 

John was educated at both Oxford and Cambridge, studying Mathematics followed by Economics, and remains an Associate Member of the Oxford-Man Institute. He is a Panel Member for the UK Competition and Markets Authority and a CEPR research fellow. He has also held previous posts as a Non-Executive Director of OXIP: Oxford Investment Partners and was a tenured University Lecturer at the Department of Economics, University of Oxford and the Heyman-Moritz Student (Fellow) of Economics at Christ Church.

This session will give you a taster of what you will be learning on our Global Central Banking and Financial Regulation MSc, while giving you the opportunity to ask questions to us and engage with fellow attendees in our wbsLive classroom.