Empowering supervisors with more principles and discretion to implement them will not reduce the dangers of the prudential approach to financial regulation
The paper addresses two main points: the deficiencies of the past regulatory design and the additional dangers coming from financial reforms that increase the regulatory powers of supervisors. The first point is briefly dealt with reference to past experience and alternative theoretical approaches....
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2010-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9424/9319 |