About Quote by George Osborne
“We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.”
About This Quote
Source Speech: Treasury Statement, United Kingdom, 2015
The quote warns that banks may become so large that they cannot be rescued without massive costs, posing systemic risk.
In simple terms: Huge banks may be unmanageable and costly to rescue.
Recognize and limit systemic financial risk.
Themes
Mood
Type
When to use this quote
- bank regulation
- government oversight
- economic planning
- crisis management
Key Concepts
Questions to Reflect On
- How can we balance financial stability with market efficiency?
- What alternatives exist to prevent systemic risk?
Limits on bank size may hinder competitiveness.