Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The … purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and … regulation is best understood in the context of an appreciation of the entire financial system. Third it is international and …

global needs, there are financial regulation imperatives needed to combat the upcoming millennial's recession and ensure … global financial stability. It is argued that more inclusion in international financial regulation and enforceable laws in … the area of financial regulation is urgently needed in order to combat the upcoming millennial's recession. This paper …

transparency in the Canadian system is also cause for concern. Chief risk officers tend to rank inconsistent regulation as the most …

This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …

regulation can be conceptualized as governing distinctive and non-overlapping spheres: Fiduciary duties police private activity … financial regulation. In many regulatory contexts, fiduciary duties arise as a complement to, or sometimes substitute for, other … mechanisms of financial regulation. Moreover, the interactions between fiduciary duties and systems of financial regulation …