Beyond the Inevitable and Inadequate Regulation of Bankers: A Comment on Painter

Abstract

This is a Comment on Richard Painter’s article on The Moral Responsibilities of Investment Bankers. First, it identifies several reasons for both the inevitability and the inadequacy of business regulation. Next, it comments on Painter’s proposals for inducing greater responsibility by bankers and offers a few suggestions for introducing a moral tenor into the discourse about financial markets.

Keywords: investment banking, business regulation, morality in business