Has regulatory reform been misdirected?

Goodhart, Charles

Has regulatory reform been misdirected?

Charles Goodhart

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Purpose The purpose of this paper is to provide a provocative and critical introduction and solutions to significant contemporary issues of financial regulation. Design/methodology/approach The paper is an expert’s review of contemporary issues and challenges in financial regulation. Findings The paper advocates that contemporary financial regulation challenges are addressed through governance reforms and an enhanced focus on maturity transformation, rather than a focus on just capital and liquidity management. In particular, more emphasis should be given to individual decision-makers within banks rather than institutions. Practical implications The review paper considers areas where future regulatory reform may be enhanced and redirected. Originality/value The review provides original and critical perspectives on contemporary regulatory challenges.

Keywords: reform; regulation (search for similar items in EconPapers)
JEL-codes: F3 G3 (search for similar items in EconPapers)
Date: 2017-07-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Journal of Financial Regulation and Compliance, 10, July, 2017, 25(3), pp. 236-240. ISSN: 1358-1988

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:84239

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