An overall perspective on banking regulation

Xavier Freixas () and Anthony M. Santomero

No 02-1, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Recently, the theory of banking regulation has undergone important changes. This has been the consequence of a number of compounding effects that have been occurring in the financial sector. First among these is on-going financial innovation, which has caused a virtual revolution in both financial instruments and markets. As a result, the markets and institutions that must be regulated have changed substantially over time. At the same time, regulation has evolved, as the regulators have learned the lessons from the recent spat of banking crises. As a consequence of these experiences, regulation has become more sophisticated, with the introduction of capital requirements and more complex restrictions on operating procedures.

Keywords: Banks; and; banking (search for similar items in EconPapers)
Date: 2002
New Economics Papers: this item is included in nep-mac and nep-reg
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