Banks Need ‘Push’ to Avoid Prolonging Crisis, BIS Says


English: A model that describes the competitiv...

English: A model that describes the competitive environment of a company’s business model.
(Photo credit: Wikipedia)

By Boris Groendahl – Lenders, almost four years after the collapse of Lehman Brothers Holdings Inc., still hold overvalued assets and are postponing necessary recapitalizations while relying on official funding, especially in Europe, the BIS said in its annual report released yesterday. Banks are also returning to risks akin to those that led to the crisis.

“Public policy must move banks to adopt business models that are less risky, more sustainable and more clearly in the public interest,” the BIS said in the report. more> http://tinyurl.com/6v8hw7p

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