And the head of the world’s top financial regulator, Pablo Hernández de Cos, chair of the Basel Committee on Banking Supervision, said last week “The only way to entirely prevent a bank run would be to require them to keep all of their deposits in highly liquid assets, but then you wouldn’t have banks any more”. What he means is that you would not have any banks that aim to make profits and speculate; but you could still have non-profit banks providing a public service. But, of course, that’s not on the agenda.
Great video and also thanks for sharing your thoughts