Look Before You Leap: A Skeptical View of Proposals to Meld Macro- and Microprudential Regulation

Nick Le Pan
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Nick Le Pan: Senior Fellow, C.D. Howe Institute

C.D. Howe Institute Commentary, 2009, issue 296

Abstract: G-20 ministers should avoid creating a new layer of regulation to counter future systemic financial risks, according to a newly released C.D Howe Institute study. The Commentary by Nick Le Pan, former Superintendent of Financial Institutions, cautions against current G-20 proposals to expand regulation to include system-wide macroeconomic risks.

Keywords: financial services; Bank of Canada; OSFI; systemic risk; procyclicality; Basel II (search for similar items in EconPapers)
JEL-codes: E52 E58 G18 G21 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (4)

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