Financial Regulation
Vítor Constancio
Chapter 26 in The New International Financial System:Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 559-567 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
Seven years after the beginning of the crisis, much has been achieved to improve the regulatory framework of the financial system. After the scare of a possible financial meltdown, authorities around the world wanted a simpler system that would be less leveraged, more resilient, transparent and efficient. Nevertheless, several measures are not finalised, implementation of others has been slow and some others will enter into force only in a few years. Referring to the title of this panel “Where to From Here?”, I would say that we are not yet ‘here’. In my remarks, I will start by highlighting some of the achievements and then move on to comment on what, in my view, is still missing…
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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