Safe to Fail

Thomas F. Huertas is Partner in the Financial Services Risk Practice at Ernst & Young, where he advises major financial institutions on risk, regulatory and strategic issues. He was formerly Alternate Chair of the European Banking Authority, a member of the Basel Committee on Banking Supervision and a Member of the Executive Committee at the UK FSA. Prior to joining the FSA, Dr. Huertas held a number of senior positions at a major global bank in North America and Europe. He is an Adjunct Professor at the Institute of Law and Finance at the Johann Wolfgang von Goethe University in Frankfurt and a member of the Financial Markets Group at the London School of Economics. He holds a Ph.D. in Economics from the University of Chicago. He has written extensively on banking issues, including his book, Crisis: Cause, Containment and Cure published by Palgrave Macmillan.

Introduction: Resolvability Will Determine the Future of Banking 1. Too Big to Fail is Too Costly to Continue 2. Less Likely to Fail: Strengthening Regulation 3. Less Likely to Fail: Sharpening Supervision 4. Safe to Fail 5. Setting up for Success Conclusion: Is Basel Best?