What We Can Learn from a Nuclear Reactor The connection between banks and nuclear reactors is not obvious to most bankers, nor banking regulators. But to the men and women who study industrial accidents such as Three Mile Island, Deepwater Horizon, Bhopal or the Challenger shuttle—engineers, psychologists and even sociologists—the connection is obvious. James Reason, […]
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What We Can Learn from a Nuclear Reactor
What We Can Learn from a Nuclear Reactor The connection between banks and nuclear reactors is not obvious to most bankers, nor banking regulators. But to the men and women who study industrial accidents such as Three Mile Island, Deepwater Horizon, Bhopal or the Challenger shuttle—engineers, psychologists and even sociologists—the connection is obvious. James Reason, […]
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The Bank of England’s Andrew Haldane on banking, risk and how to bring social and financial equity back into the system: Consider the effects of the too-big-to-fail problem on risk-taking incentives. If banks know they will be bailed out, those holding their debt will be less likely to price the risk of failure for themselves. […]
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The Occupy movement is trying to figure out its future, and keep the momentum going: But Ross, too, soon found himself enchanted by the possibility of the movement. A trained economist, he decided to start an Alternative Banking working group, with the ambitious plan of setting up an Occupy Bank – built on a cooperative, […]
