Titlebook: Reinventing Financial Regulation; A Blueprint for Over Avinash D. Persaud Book 2015 Avinash Persaud 2015

后来

Why Taxpayers Need to Be on the Hook,s. The 1974 establishment of the Basel Committee of G-10 Bank Supervisors followed the collapse of Germany’s Bankhaus Herstatt in June of that year and the subsequent liquidity crisis in New York. The list goes on.

药物

挑剔小责

Sending the Herd Off the Cliff Edge,cerning in the long run, there is now compelling evidence that in the short run, market participants find it hard to distinguish between the good and the unsustainable; they herd; and contagion is common.

antenna

AROMA

,Bankers’ Pay,or government involvement in private-sector pay. It fills me with dread. Having been involved in setting investment bankers’ pay, bitter experience has taught me that getting it right is nigh impossible at the best of times. This is before introducing the added dimension of political, national interests.

Limited

光明正大

The Shape of Financial Regulation,ty at the Bank of England as well as a separate agency, the Financial Conduct Authority. Similarly dramatic changes are envisaged in the US, though the new arrangement is still evolving. In Europe, as I write, significant changes are being envisaged for a new European Banking Union.

BILIO

Banks Put Themselves at Risk at Basel,minent economist to write a report explaining why a regulatory proposal is economically inefficient. The vice chairman adds that if the offending regulation is enacted, the bank will have to move its profitable operations to the British Virgin Islands, with the loss of hundreds of local jobs.

没花的是打扰

Reinventing Financial Regulation,amount of risktaking—not too hot, not too cold, not too large, not too little—requires a fresh take on financial regulation. This is not to be confused with the decision to have more or less regulation—the binary choice presented by competing political ideologies. What we need is a substantial reinvention.

judiciousness

Putting the New Framework to the Test,g and insurance stability are simply different sides of the same coin. To view them as two separate endeavors is a grave mistake. The regulation of both banking and insurance must be integrated from a systemic risk perspective.