"The Economic Rationale for Financial Regulation” Reconsidered
|Publication:||White Paper No. 05, 2012|
|Topic Area:||Financial Intermediation|
Reinhard H. Schmidt
|Keywords:||regulation, supervision, systemic risk|
The authors revisit David Llewellyn's paper on the economic rationale for financial regulation, published as the first occasional paper of the FSA in 1999. They summarize Llewellyn's arguments and, from the perspective of experiencing the financial crisis in its fifth year, they offer specific suggestions for a new edition of the article.
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