Financial crisis: which lessons for the supervisory authorities?

Gualandri Elisabetta
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Gualandri Elisabetta: Università di Modena e Reggio Emilia

BANCARIA, 2008, vol. 10, pages 3-15

Abstract: The financial crisis showed all the weakness of laws currently established and national supervisory fragmented frameworks not still applicable with the global dimension of financial markets and the cross border / sector activities of financial groups that can allow regulatory arbitrage. Is there any starting point for the change? Nowadays international supervisory institutions exist but there is a lack of representativeness and legitimating that can reduce the effectiveness of actions proposed

Keywords: financial crisis; supervisory authorities; supervisory rules (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2008

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