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Financial Modernization and Regulation

A Special Issue of the Journal of Financial Services Research

  • Robert A. Eisenbeis
  • Frederick T. Furlong
  • Simon Kwan

Table of contents

  1. Front Matter
    Pages 1-4
  2. Fred Furlong, Simon Kwan
    Pages 5-10
  3. Myron L. Kwast, S. Wayne Passmore
    Pages 35-55
  4. Larry D. Wall, Robert A. Eisenbeis
    Pages 133-155
  5. Arnoud W. A. Boot, Silva Deželan, Todd T. Milbourn
    Pages 159-169
  6. Harald A. Benink
    Pages 229-232

About this book

Introduction

Financial systems around the world are undergoing a process of modernization due to many different forces. Advances in information technology, product and market innovations, and recent regional financial crises have contributed to this movement. As a result, evolution in the financial sector is leading to larger, more complex financial organizations that render inadequate the supervisory and regulatory structures currently in place. While some changes in regulatory policies have already occurred, the adaptation of supervisory oversight and regulation in the face of these new developments is expected to continue for many years to come.
This book collects papers originally presented in September 1998 at the Financial Modernization and Regulation Conference co-sponsored by the Federal Reserve Banks of Atlanta and San Francisco. Revised before publication, the papers seek to identify the reasons for changes in the financial services sector, and the implications these changes pose for financial supervision and regulation. Taken together, the papers offer valuable insights on 1) the forces behind financial modernization; 2) the implications financial modernization poses for corporate structure, market discipline, and financial regulation; 3) how to price deposit insurance accurately to reflect banks' risk-taking; and 4) balancing private versus public interests and managing potentially conflicting public policy goals.

Keywords

Aging conflict development information innovation innovations insurance organization organizations public policy regulation research service

Editors and affiliations

  • Robert A. Eisenbeis
    • 1
  • Frederick T. Furlong
    • 2
  • Simon Kwan
    • 2
  1. 1.Federal Reserve Bank of AtlantaUSA
  2. 2.Federal Reserve Bank of San FranciscoUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-5228-1
  • Copyright Information Springer Science+Business Media New York 2000
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-4964-6
  • Online ISBN 978-1-4757-5228-1
  • Buy this book on publisher's site
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