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The report also calls for a "financial activities tax" that would be based on bank pay and profits.
There are two main conclusions: First, when bubbles are not based on bank lending, the mop-up-after strategy still looks pretty good.
Here's why: When bubbles are not based on bank lending, the Fed has no comparative advantage over other observers in distinguishing between rising fundamentals and bubbly valuations.
Their findings were based on bank statements and other documents, which the Charity Commission says is exempt from Freedom of Information legislation.
Credit Suisse and UBS proposed last month to put $600 million in a "rough justice fund" to help Holocaust survivors, in addition to paying whatever sums a commission led by Paul A. Volcker determined were due based on bank records.
WASHINGTON -- The International Monetary Fund has endorsed proposals to charge a levy on the largest banks for the cost of any future government-led rescues as well as a tax based on bank profits and compensation.
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Hong Kong has also begun gradually building a mandatory retirement savings system based on bank-managed mutual funds.
There are also two methods based on banks' own internal ratings.
When the European Banking Authority simulated a financial crisis based on banks' balance sheets in June, the second worst performer was Deutsche Bank.
Libor is based on banks' assessments of what they expect to be charged, rather than measuring actual lending rates.
"The vital task of rebuilding that trust will be based on banks acknowledging the mistakes that they have made".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com