Reinventing Financial Regulation

A Blueprint for Overcoming Systemic Risk

  • Authors
  • Avinash D. Persaud

Table of contents

  1. Front Matter
    Pages i-xii
  2. Avinash D. Persaud
    Pages 1-6
  3. Avinash D. Persaud
    Pages 7-23
  4. Avinash D. Persaud
    Pages 25-37
  5. Avinash D. Persaud
    Pages 39-53
  6. Avinash D. Persaud
    Pages 55-75
  7. Avinash D. Persaud
    Pages 77-92
  8. Avinash D. Persaud
    Pages 93-112
  9. Avinash D. Persaud
    Pages 137-150
  10. Avinash D. Persaud
    Pages 151-162
  11. Avinash D. Persaud
    Pages 163-173
  12. Avinash D. Persaud
    Pages 175-200
  13. Avinash D. Persaud
    Pages 201-213
  14. Avinash D. Persaud
    Pages 215-233
  15. Avinash D. Persaud
    Pages 235-246
  16. Avinash D. Persaud
    Pages 247-249
  17. Back Matter
    Pages 251-259

About this book


Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of "risk-sensitivity" and "capital adequacy." Author Avinash Persaud argues that while some sensible reforms have been introduced, a fresh approach—centered on risk capacity—is required. When the entire regime is compromised, simply slapping bandages on each new wound will do nothing to cure the underlying disease.

Reinventing Financial Regulation goes beyond an urgent call to fix our profoundly troubled and damaged financial markets. It is a blueprint for an effective financial regulation system that could very well save the future of finance.

What would a well-regulated financial system look like? Until now, policymakers, financial experts, and leading academics have been content to avoid facing this question head–on. We have been offered piecemeal reforms that ultimately leave the global financial system exposed to different versions of the same risks that so recently brought it to its knees. The world economy literally cannot afford to dodge this question any longer.

Persaud's goal to bring clarity and a powerful simplicity to the financial regulation process results in a systematic and apolitical framework for fixing the world's fractured financial industry and transforming its regulation—not just for today's financial climate, but once and for all.

Bibliographic information

  • DOI
  • Copyright Information Apress 2015
  • Publisher Name Apress, Berkeley, CA
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4302-4557-5
  • Online ISBN 978-1-4302-4558-2
  • About this book
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