Simon Johnson: The Challenge of Large, Complex Financial Institutions (6/7)

The video discusses the systemic risks posed by mega banks, highlighting the limitations of current resolution authorities like Dodd Frank. It examines the increasing size of banks and the failure of efforts to simplify them. The discussion extends to Basel III capital requirements and the influence of banker compensation on public loss. The video emphasizes the need for substantial reforms to prevent future financial crises.

What historical failures of Citigroup does the speaker mention?

What does the speaker propose regarding the Basel 3 capital requirements?

What does the speaker suggest about the compensation of bank executives?

What are the implications of the financial crisis as discussed in the text?