TY  - UNPD
A1  - Gans, Brad
T1  - Regulatory implications of the global financial crisis
T2  - Working paper series / Johann-Wolfgang-Goethe-Universität, Institute for Law and Finance ; 102
N2  - It has become popular for journalists who are trying to sell newspapers, and politicians who are trying to solicit votes, to refer to this financial crisis as the worst since the Great Depression or WWII. I don’t know whether it is the worst or not so will leave that question to the historians and economists of the future once the storm has past. But it is indeed a “storm” as described by Vince Cable, Member of Parliament in his UK bestselling book entitled “The Storm – The World Economic Crisis and What it Means”. He describes this “storm” as a very destructive one displacing jobs, businesses, banks and whole economies from Iceland to the United Kingdom to the United States. I propose to offer a short chronology and summary of the causes of the current economic crisis. Then I will review several of the regulatory responses to the crisis focusing on the Turner Report, the de Larosière Group and certain US Treasury statements. I will offer my critiques of these proposals and then make some predictions of what the financial services industry may look like in the future.
T3  - Working paper / Johann-Wolfgang-Goethe-Universität, Institut for Law and Finance - 102 
Y1  - 2009
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/6541
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-66339
UR  - http://www.ilf-frankfurt.de/uploads/media/ILF_WP_102.pdf
PB  - Inst. for Law and Finance
CY  - Frankfurt am Main
ER  -