Alternative Approaches to Financial Supervision and Regulation
I am delighted to address the topic of approaches to regulating financial institutions. Given the current level of global financial upset, which can be traced in part to poor banking regulation in many countries, I think that no subject is more timely. In my remarks, I will focus on two topics: First, what are the respective roles of market regulation and government regulation? Second, what are the different ways of organizing the government supervision and regulation of institutions that include a bank?
KeywordsMonetary Policy Central Bank Financial Institution European Central Bank Market Discipline
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