Financial resilience revisited: Why consistency in regulation is now paramount - across sectors and regions, and over time
- In this paper we propose a way forward towards increased financial resilience in times of growing disagreement concerning open borders, free trade and global regulatory standards. In light of these concerns, financial resilience remains a highly valued policy objective. We wish to contribute by suggesting an agenda of concrete, do-able steps supporting an enhanced level of resilience, combined with a deeper understanding of its relevance in the public domain. First, remove inconsistencies across regulatory rules and territorial regimes, and ensure their credibility concerning implementation. Second, discourage the use of financial regulatory standards as means of international competition. Third, give more weight to pedagogically explaining the established regulatory standards in public, to strengthen their societal backing.
Verfasserangaben: | Franklin Allen, Jan Pieter KrahnenORCiDGND, Hélène Rey |
---|---|
URN: | urn:nbn:de:hebis:30:3-431388 |
Titel des übergeordneten Werkes (Englisch): | SAFE policy letter series ; 55 |
Schriftenreihe (Bandnummer): | SAFE policy letter (55) |
Verlag: | SAFE |
Verlagsort: | Frankfurt am Main |
Dokumentart: | Arbeitspapier |
Sprache: | Englisch |
Jahr der Fertigstellung: | 2017 |
Jahr der Erstveröffentlichung: | 2017 |
Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
Datum der Freischaltung: | 21.03.2017 |
Freies Schlagwort / Tag: | banking regulation; financial markets regulation; financial resilience |
Seitenzahl: | 7 |
HeBIS-PPN: | 401685853 |
Institute: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
Sammlungen: | Universitätspublikationen |
Lizenz (Deutsch): | Deutsches Urheberrecht |