The traditional approach to bank regulation, and notably to capital requirements, is based on microprudential cost-benefit analyses. The emphasis is, therefore, on rules that aim at ensuring that each and every banking firm is safe and sound. This note examines possible extensions of the...

For years, businesses have complained about the costs of regulatory compliance. On the other hand, society is becoming increasingly aware of the environmental, safety, health, financial, and other risks of business activity. Government oversight seems to be one of the answers to safeguard...

European Union countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the second world war. Financial regulatory and supervisory integration was a very slow process before 2008, despite...