Assessing the Overall Impact of Financial Reforms

Svein Andresen

Chapter 25 in The New International Financial System:Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 549-557 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following describes what has been done to address the fault lines in the global financial system revealed by the Great Financial Crisis and to make that system more resilient. Policy development to address those fault lines is now substantially complete. The focus has shifted to achieving effective implementation of reforms, assessing impacts and addressing material unintended consequences where they appear. Alongside this, authorities are seeking to manage the system better than they have in the past through better system-wide oversight and use of the tools that reforms have generated to identify and address vulnerabilities. At the end I set out some areas where I believe we need to ask if enough has been done to give the system the resilience needed.

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