BU Now » bank levy http://blogs.bu.edu/bunow News, information and research from Boston University Wed, 21 Sep 2011 18:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Nations consider bank taxes http://blogs.bu.edu/bunow/2010/04/01/nations-consider-bank-taxes/ http://blogs.bu.edu/bunow/2010/04/01/nations-consider-bank-taxes/#comments Thu, 01 Apr 2010 22:22:19 +0000 Dick Taffe http://blogs.bu.edu/bunow/?p=4996 coinsGermany is moving to adopt a new bank tax to cover the cost of possible future bailouts, and France is considering the same thing.  Former Deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU Law School’s Morin Center for Banking and Financial Law, says perhaps the best way to protect the taxpayer against troubled financial companies is to keep the institutions out of trouble in the first place.

“Rather than tapping financial firms to create a government fund which always will be inadequate, perhaps require financial companies to put away significantly more of their earnings into ‘prudential reserves,’ making the institutions ‘too safe to fail.’”

Contact Robert Bench, 617-353-5428, bobbench@bu.edu

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