Paul Lachine

Мы не верим в финансовую систему

МИЛАН. Во всем мире дебаты о финансовом регулировании достигли своего апогея. В “игре” задействовано множество аргументов и предложений, часто противоречащих друг другу и усиливающих, таким образом, государственный и политический беспорядок.

Одним из подходов к финансовому регулированию, подкрепленным аргументами различной степени убедительности, является ограничение размера и сферы деятельности финансовых учреждений. Некоторые утверждают, что более мелкие организации могут обанкротиться, не ослабляя систему, таким образом сохраняя налогоплательщикам финансы, которые иначе могли бы пойти на помощь банкам. Но если причины системного риска не до конца будут поняты, возможно, что все небольшие банки тоже обанкротятся или будут испытывать трудности, негативно влияя на реальную экономику.

Следующий горячо обсуждаемый аргумент заключается в том, что ограничение размера банков и сфер их деятельности не потребует больших затрат в плане осуществления этой идеи. Этот момент используется, чтобы поддержать очередной аргумент: крупные учреждения имеют чрезмерное политическое влияние и таким образом оказывают воздействие на регулирующие органы. Говоря прямо, крупные и прибыльные финансовые учреждения найдут способ, чтобы получить ту регулирующую систему, которую они хотят ‑ систему, которая совместима с высокодоходной торговой суперструктурой, которая выходит за пределы требований по страхованию и пытается максимизировать краткосрочную прибыль.

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