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Play now 28 mins

Banking black hole

Duration:
28 minutes
First broadcast:
Saturday 22 December 2012

In the Balance stares into the banking black hole of debt. Andrew Walker and guests Steve Hanke,a Professor of Applied Economics at The Johns Hopkins University in Baltimore; James Ferguson, from Westhouse Securities in London and Rosa Lastra, Professor in International Financial and Monetary Law at Queen Mary, University of London, discuss how best to navigate away from the huge debts faced by many European banks. And how to deal with banks that have broken the law. The In the Balance in-house comedian Colm O Regan asks whether ticking boxes on compliance is any help whatsoever in making sure companies stick to the rules.

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