Striking the balance between short-term systemic instability and long-term moral hazard is hard enough for domestic regulators.

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The lesson to be drawn from this is that moral hazard is hard to avoid once conditions get really tight.

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Community leaders have an obligation to their children to instil the moral obligation to work hard.

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This is in our hard interest, not just a soft moral imperative.

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But unless the system makes some effort to distinguish between the two, it is hard to see how the grip of the moral-hazard dilemma can ever be loosened.

ECONOMIST: Diminishing returns | The

The five percent rule of the London market seems a good idea too, but you could argue that hard coded fire breaks could lead to a kind of moral jeopardy.

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Moral: Before jumping at the IPO of a big private company, ask some hard questions.

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It is hard to measure whether any business school, secular or religious, successfully instills a moral compass in its students.

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