Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures

Larry Wall

Working Papers from eSocialSciences

Abstract: The recent global financial crisis reflects numerous breakdowns in the prudential discipline of financial firms. This paper discusses ways to strengthen micro- and macroprudential supervision and restore credible market discipline. The discussion notes that microprudential supervisors are typically assigned a variety of goals that sometimes have conflicting policy implications. In such a setting, the structure of the regulatory agencies and the priority given to prudential goals are critical to achieving those goals. [ADBI Working Paper 176]

Keywords: global financial crisis; prudential; discipline; financial firms; policy; achieving; goals (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-ban and nep-reg
Note: Institutional Papers
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Prudential discipline for financial firms: micro, macro, and market structures (2010)
Working Paper: Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures (2009)
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