Co-operative banks may be the way forward – by Brian Lucey TCD

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“Some encouragement of the formation of new co-operative banks would be useful, as would be a consideration of whether or not we should cap the size of domestic banks, to consider winding down all majority state-owned banks which have had moral hazard injected into them through bailing out, and to encourage the transference of activities to new, clean, co-operative by preference banks which can compete on a new level playing field.”

— Brian M Lucey is Professor of Finance, School of Business Studies, Trinity College

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