How Should Microprudential Control Be Strengthened to Prevent Local and Global Financial Market Failure?

Jeffrey R. Shafer

Chapter 6 in The Limits of Surveillance and Financial Market Failure, 2014, pp 88-92 from Palgrave Macmillan

Abstract: Abstract The financial crises in the advanced economies over the past six years have rightly focused attention on failures of financial supervision and regulation. However, the results of this focus have not always been constructive in reducing systemic risk while fostering the development of financial markets to meet the needs of an increasingly complex and interconnected global economy. This chapter briefly outlines what we should and should not expect microprudential control to do. It also provides a few observations on what else needs to be put in place to reduce the risk of future systemic crises as much as possible. It draws mainly on what has happened in the USA but those who know Europe can quickly draw parallels and contrasts with the situation here.

Keywords: Mutual Fund; Systemic Risk; Hedge Fund; Individual Institution; Capital Adequacy (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47147-5_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137471475

DOI: 10.1057/9781137471475_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().