Description

Leader00834cam a22002055a 4500
0011011812
00520090330141915.0
008090326s2009 uk d 001 0 eng
020 a: 9781848444515
035 a: (LB) 1011812
040 d: LB
080##a: 338.1
1001 a: Goodhart, Charles A. E.
24514a: The Regulatory Response to the Financial Crisisc: Charles A.E. Goodhart
260 a: Northamptonb: Edward Elgarc: 2009
300 a: 151 p.
504##a: Includes bibliographical references and index
650#4a: Financial crisis
650#4a: Finanšu krīzes
990##a: 338.1

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Location Address Count Shelf Status
Bibliotēka 01.2 1 On a shelf Available to order

Annotation


There are, at least, seven aspects relating to financial regulation where the recent, and still current, financial turmoil has thrown up issues for discussion. These include: 1. The scale and scope of deposit insurance; 2. Bank insolvency regimes, also known as 'prompt corrective action'; 3. Money market operations by Central Banks; 4. Commercial bank liquidity risk management; 5. Procyclicality of capital adequacy requirements (and mark-to-market), Basel II; lack of counter-cyclical instruments; 6. Boundaries of regulation, conduits, SIVs and reputational risk; 7. Crisis management: - (a) domestic, within countries, e.g. UK Tripartite Committee; (b) cross-border; how to bear the burden of cross-border defaults? This paper describes how the current crisis has exposed regulatory failings, drawing largely on recent UK experience, and suggests what remedial action might be undertaken.

Keywords: financial regulation, bank insolvency, deposit insurance, liquidity, Basel II, procyclicality

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