FINANCIAL REGULATION AFTER THE CRISIS
FINANCIAL REGULATION AFTER THE CRISIS

Summary/Abstract: The current crisis has revealed the consensual perception of banking risks, contagion and their implications for financial regulation. Mispriced risks, amplified by the instability and fragility of financial institutions determined a downturn of the financial system lacking strong, well-defined supervision rules and procedures. In the future regulation has to change, but it is not clear if it will change in the right direction, given the important influence the public opinion and political groups can have on regulatory authorities

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