In most countries the taxpayer ends up paying for bank failures and banking crises even though they are innocent of the cause. This book suggests how something can be done about it, so that banks can be resolved quickly when they get into difficulties. Shareholders and uninsured creditors who are paid for taking risks would bear any losses. No one is worse off than under insolvency. Political pressures and the constraints of the legal system prevent suitable solutions in most countries outside the United States. The problem is particularly bad in Europe where multinational banks are large compared to the size of the countries in which they operate. Co-ordination processes for solving problems in a hurry are inadequate. Banks may not be just 'too big to fail' but 'too big to save' - a small country cannot afford it alone.Twelve international experts offer independent comments on the proposal in a constructive combination of law and economics.