We evaluate the effects of post-crisis liquidity regulation on the U.S. banking system. We find that regulated banks …. However, some liquidity transformation has migrated to intermediaries not subject to liquidity regulation, such as small banks … liquidity regulation and create potential fragilities in the financial system. We study policy remedies to mitigate these …

-psychological factors. Yet much of European Financial Regulation is based on the disclosure paradigm to remedy market failure, discipline … contexts: prudential regulation of banks and retail investor protection. EU policy-makers should use empirical and experimental …

The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation. -- financial … crisis ; Basel Accord ; banking regulation ; capital requirements ; modelbased approach ; systemic risk …

, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …