Regulation of Financial Markets: A Focused Approach

Hans Stoll

Multinational Finance Journal, 1998, vol. 2, issue 2, 87-99

Abstract: A new approach and a new mind-set are needed for the regulation of financial markets. Under our existing trajectory, regulation will become inefficient, unwieldy, and too costly as it attempts to deal with an ever–more complex financial system. Regulators ought to focus on what needs to be regulated, not simply on expanding regulatory oversight. Implicit in this mind-set is the idea that not everything must be regulated. A focused approach to regulation would separate what is regulated from what is not. Examples of how regulation can be more narrowly focused are given for banking, for securities markets, and for futures markets

Keywords: bank regulation; financial regulation; offshore offerings; Security and Exchange Commission (search for similar items in EconPapers)
JEL-codes: G18 G28 G38 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mfj:journl:v:2:y:1998:i:2:p:87-99

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