Better Regulation

Thomas F. Huertas

Chapter 9 in Crisis: Cause, Containment and Cure, 2011, pp 157-182 from Palgrave Macmillan

Abstract: Abstract This crisis has exposed fault lines in regulation. The previous system allowed the build-up of the so-called shadow banking system as well as a surge in on-balance sheet leverage of financial firms, particularly the systemically relevant firms at the heart of the financial system that engaged in ‘acquire-to-arbitrage’ (see Chapter 2). This contributed to the financial crisis. When the crisis struck, capital and liquidity proved insufficient. This magnified the crisis.

Keywords: Capital Requirement; Leverage Ratio; Liquidity Risk; Trading Book; Generally Accept Accounting Principle (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-32135-9_10

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DOI: 10.1057/9780230321359_10

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