This Article considers the application of “new governance” theory and scholarship to financial regulatory reform by …-emphasized in financial regulation legal scholarship. New governance scholarship focuses on these modes of interaction and tools of … processes.This Article finds that the bank regulators adopted this “internal models approach” to capital adequacy in order to …

. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact …

. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact …

” and “systemic shock,” into the popular and academic legal community; one such term is “macroprudential regulation.” Once … the implementation of macroprudential regulation as it has gone from a theoretical construct to implemented policy. In … particular, the article examines macroprudential regulation's domestic and cross-border development and applications in the …

internationally. Much of this reform was in direct response to the weaknesses revealed in the precrisis system. The new … the goal of using regulation to maintain financial stability is clear, it is not obvious how to design an effective … effectiveness of bank stress testing as a tool to enhance financial stability, whether the financial crisis was caused by too big to …

consideration by the Basel accord to reduce the high level of bank risk …