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The Need for Consolidating International Financial Regulatory Architecture
Barton, Uzma Ashraf - 2013
The existing international financial regulatory architecture is multifarious. Prevalent regulatory forums are numerous, with over-lapping spheres of activity, where all such forums share a lack of consolidated authority. Bodies like the Basel Committee on Banking Supervision (BCBS), Group of 20,...
Persistent link: https://www.econbiz.de/10013092182
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Regulating Credit Rating Agencies after the Financial Crisis : The Long and Winding Road Toward Accountability
Rousseau, Stephane - 2009
The credit crisis that started in the American mortgage subprime market in 2007 is having profound social and economic consequences. In this context, lawmakers, regulators, and commentators have questioned the role of rating agencies in the market turmoil. In light of the critiques, a strong...
Persistent link: https://www.econbiz.de/10013156993
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Further Assessment of the Iron Law of Financial Regulation : A Postscript to Regulating in the Dark
Romano, Roberta - 2014
.S. financial regulation: (i) enactment is invariably crisis driven, adopted at a time when there is a paucity of information … Law” of U.S. financial regulation. The ensuing one-way regulatory ratchet generated by repeated financial crises has … experimentation to financial regulation. The use of those techniques, properly implemented, advances means-ends rationality, by better …
Persistent link: https://www.econbiz.de/10013044722
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Historical Perspectives on the Financial Crisis : Ivar Kreuger, the Credit-Rating Agencies, and Two Theories About the Function, and Dysfunction, of Markets
Partnoy, Frank - 2010
This Essay discusses two historical parallels between the current financial crisis and the financial crisis of the late 1920s and 1930s. First, financial innovation was at the core of both crises. In particular, the machinations of Ivar Kreuger illuminate how financial innovation tends to...
Persistent link: https://www.econbiz.de/10013148212
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Epidemics of 'Control Fraud' Lead to Recurrent, Intensifying Bubbles and Crises
Black, William K. - 2010
the absence of effective regulation and the ability to invest in assets that lack readily verifiable values. Unless …
Persistent link: https://www.econbiz.de/10013144767
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A Tale of Two Crises
Black, William K. - 2010
The savings and loan debacle of the 1980s was the worst financial scandal in U.S. history. The estimated present value cost to the taxpayers was $150-175 billion ($1993). The debacle was a major contributor to a sharp recession in real estate values in the Southwest. However, it had only a...
Persistent link: https://www.econbiz.de/10013148983
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U.S. v. Japanese Regulatory Responses to the Financial Institution Crises of the 1980s : The Seductive Appeal of the Cover Up
Black, William K. - 2010
Economists have dominated U.S. scholarship about the S&L debacle and they have universally viewed the regulatory response as horrific. This paper argues that the conventional economic wisdom is badly flawed. The U.S. regulatory response to the debacle was disastrous – when economists shaped it...
Persistent link: https://www.econbiz.de/10013148988
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Financial regulation in the EU : cross-border capital flows, systemic risk and the European Banking Union as reference points for EU financial market integration
Haar, Brigitte - 2014
This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …
Persistent link: https://www.econbiz.de/10010372581
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Regulating in the Dark
Romano, Roberta - 2012
implementing regulation two key procedural mechanisms: (1) a requirement of automatic subsequent review and reconsideration of the …
Persistent link: https://www.econbiz.de/10013113238
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Improving Australia’s Regulatory Framework for Systemic Financial Stability
Kourabas, Steve - 2020
significant reform of their financial infrastructure to facilitate regulation in accordance with this change in regulatory theory … article argues that there are a number of areas where the Australian approach could be enhanced by regulation that has at its …
Persistent link: https://www.econbiz.de/10012850898