Financial Regulatory Reform After the Crisis: An Assessment

Darrell Duffie

Management Science, 2018, vol. 64, issue 10, 4835-4857

Abstract: This is a survey of progress with the postcrisis global (G20) reform of the financial system, in five key areas of new regulation: (1) making financial institutions more resilient; (2) ending “too-big-to-fail”; (3) making derivatives markets safer; (4) transforming shadow banking; and (5) improving trade competition and market transparency. The resiliency reforms, particularly bank capital regulations, have been increasingly successful in improving financial stability, but have been accompanied by some reduction in secondary-market liquidity. I review specific areas where reforms are far from complete, or have even been counterproductive.

Keywords: financial regulation; banking; repos; leverage ratio; failure resolution (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (31)

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https://doi.org/10.287/mnsc.2017.2768 (application/pdf)

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Working Paper: Financial Regulatory Reform after the Crisis: An Assessment (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:64:y:2018:i:10:p:4835-4857

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