In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial … important than organizing the best possible prudential regulation is having a solid and well-developed financial safety net … failed financial institution.The key point I wish to make is that no financial regulation will ever be effective without duly …

driven excessive risk taking. Political factors have included the uncritical commitment to self-regulation and the capacity … the degree to which banking regulation should depend exclusively upon the use of narrow (an inevitably imperfect … calls for more responsive forms of regulation, although little of this work has focussed much upon the banking and finance …

.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 …

national level require strengthening regulation at the European level, to avoid national capture and a resulting race to the …