The objective of this paper is to evaluate the extent to which the design of regulatory banking and insurance capital … banking and insurance regulatory frameworks and evaluated the three aforementioned areas in the context of financial system … incentivise behaviours across the banking and insurance industries that give rise to endogenously‐generated financial system …

economic discourse on systemic risk and banking regulation to better understand these changes and their timing. Further, we use … regulation prior to the crisis. By following a discourse analysis, we establish that the economic discourse on banking regulation … has not been suitable for providing the knowledge basis required for a dynamically reliable banking regulation, and we …

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of …