Financial resilience revisited: Why consistency in regulation is now paramount - across sectors and regions, and over time
Policy Report No. 1
Jan Pieter Krahnen,
- Research Area:
- Feb 2017
- financial resilience, free trade, global regulatory standards
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:
- Remove inconsistencies across regulatory rules and territorial regimes, and ensure their credibility concerning implementation.
- Discourage the use of financial regulatory standards as means of international competition.
- Give more weight to pedagogically explaining the established regulatory standards in public, to strengthen their societal backing.
- Link to Publication
Back to list