Banking 3.0—Designing financial regulation systems: The case for simple rules

Karim Pakravan

Global Finance Journal, 2011, vol. 22, issue 3, 232-237

Abstract: In the past quarter century, financial innovation and deregulation have increasingly pushed the banks into shadow banking, magnifying the risks and leaving the regulators bereft of the tools needed to analyze and manage an increasingly complex and interconnected system. The purpose of the new regulatory process should be to return banks their intermediation function. However, the system has to focus on simplicity, and its purpose has to be to promote effective risk management, transparency and accountability by changing incentives without burdening the banking system with crippling capital and regulatory requirements.

Keywords: Banking regulation; Capital rules; Basel-II; Basel-III (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:22:y:2011:i:3:p:232-237

DOI: 10.1016/j.gfj.2011.10.013

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