The need for a new regulation

Marcello Messori

Banca Impresa Società, 2009, issue 3, 329-356

Abstract: Government interventions, implemented since the beginning of October 2008, succeeded in smoothing the financial crisis but not in eradicating the causes of regulatory failures. Hence, a legacy of the crisis is the need for a new regulation and supervision. The aim of this paper is to offer an assessment of the new rules and supervisory set-up outlined by the US Administration and by the European Union. Our analysis leads to seven regulatory recommendations, which require a substantial re-organization of supervision in the financial market.

Keywords: Financial market; regulation; supervision (search for similar items in EconPapers)
Date: 2009
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