The government is working on creating new and more severe rules to prevent the chaos of the latest bank crisis: rules that show more respect for the shareholders. The newly-created emergency law for the banks, that includes the possibility of the temporary overtake by the government, should make sure that future financial crises can be solved more effectively and much faster than before.
The next step is the establishment of the ‘Committee for System Risks’ who should control bank-strategies. This new Committee will have exclusive powers. For example, it will have the right to block strategic decisions and they can create an administrative court that will be able to sanction the break of the new law.
Jana Clinck
