Securities Regulation During and After the 2008 Financial Crisis

Jennifer E. Bethel and Erik R. Sirri

Chapter 9 in The New International Financial System:Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 215-252 from World Scientific Publishing Co. Pte. Ltd.

Abstract: During the 2008 financial crisis, a number of issues surfaced for the SEC, including (1) heavy shareholder redemptions in money market funds that threatened the liquidity of the short-term funding markets, (2) a broad-based mistrust of credit rating agencies and skepticism towards credit ratings based on poor rating performance, especially the ratings of structured products, (3) a falling market amidst heavy short selling, coupled with vocal appeals to impose restrictions and bans on short selling, and (4) failing short- and long-term funding of large broker-dealer holding companies. We examine the regulatory response of the SEC during and after the financial crisis. We also discuss the limits of the SEC's regulatory authority and the resulting effectiveness of its regulatory responses.

Keywords: Financial Stability; Systemic Risk; Financial Regulation; Too-Big-to-Fail; Regulatory Burden; Financial Institutions (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814678339_0009 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814678339_0009 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789814678339_0009

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().