This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro …-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case …

these differences. These findings suggest that inconsistent oversight can hamper the effectiveness of regulation by delaying …

planner regulates private (possibly discriminatory) actors building algorithms. Optimal regulation depends crucially on the …

traditionally left to competing provincial securities commissions. The current state of securities regulation renders impotent US … federal securities regulation models are weighted in light of the current state of their needed complementary institutions …