Beck, Thorsten, Carletti, Elena, Goldstein, Itay, (2016), “The current state and future challenges of financial regulation”, VoxEu, 22 November
The Global Crisis has led to a new wave of regulation. This column argues that improved capital requirements, liquidity requirements, bank resolution and cross-border regulatory cooperation are welcome, but that unresolved problems remain. Specifically, regulation may become too complex, focus too little on macroprudential risks, be inadequate to deal with crises in global financial institutions, or fail to cope with financial innovation.
Relevant Posts
- Claeys, Grégory, (2016), “What role for the financial markets in Europe?”, Bruegel, 16 November
- Caldera Sánchez, Aida, Gori, Filippo, (2016), “Can Reforms Promoting Growth Increase Financial Fragility? An Empirical Assessment”, OECD ECONOMICS DEPARTMENT WORKING PAPERS No. 1340, 16 November