The recent financial crisis has changed the face of banking. The days of taxpayer bailouts are over and we now need a new way ahead - to make banks safe to fail.

Academically rigorous but written in an accessible and engaging style, Thomas Huertas' new book is a practical guide to making banks safe to fail. It provides an overview of the global financial system today, with a particular focus on the role of systemically important financial institutions (G-SIFIs) and financial market infrastructures in fostering economic growth and development, before moving on to outline why too big to...