"The Economic Rationale for Financial Regulation” Reconsidered

White Paper No. 05, 2012

Richard Herring,
Reinhard H. Schmidt
Research Area:
Financial Intermediation
Apr 2012
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.

Link to Publication

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