This article explores how the theory of, “responsive regulation,” might guide historical inquiry into the American … origins of the global financial crisis. Part I of the article briefly lays out some key ideas of the, “responsive regulation … regulation over the past two generations. Part II addresses the conflicting aims of financial regulation since the 1970s …

financial regulation. Today's financial system is a dynamic and complex ecosystem. For these and other reasons, policy makers …. The processes governing financial regulation, however, implicitly assume a high degree of knowability, stability, and … financial regulation has failed in the past and why it will likely fail again. It also suggests the need for a new approach to …

second set is intended to address potential too-big-to-fail problems by imposing prudential regulation on systemically … forces of hedge fund regulation across the Atlantic, ultimate policy outcomes were significantly divergent. Primarily … gave birth to indirect regulation of hedge funds with a focus on their interconnectedness with LCFIs. This is mainly …

This article compares the direct regulation of hedge funds in the U.S. prior to the Dodd-Frank Act with the direct … regulatory measures to address potential systemic risks of hedge funds ensued in its aftermaths. The direct regulation involves … regulatory measures focusing immediately on the regulation of the target industry. In contrast, the imperatives or commands of …

The literature on regulation has typically emphasized the ability of concentrated interest groups to secure the rules …‐roots advocacy groups for more stringent regulation. As a result, Dodd‐Frank Act falls far short of a thorough‐going redesign of the … legislation: macroprudential regulation, consumer protection, reestablishment of the partition between deposit banking versus …