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Financial Regulatory Reform: A Mid-term Assessment from an Emerging Market Perspective

  • Alok Sheel
  • Meeta Ganguly
Chapter

Abstract

The recent global financial crisis initiated the most far-reaching and comprehensive reform of financial regulation in advanced economies since the days of the Great Depression. The international initiative under the aegis of the G20 was supplemented by major national level initiatives in major jurisdictions. The paper discusses the progress of what it considers to be the core reforms of Basel III, shadow banking, ring-fencing and financial institutions deemed too big to fail. It goes on to discuss the impact and relevance of these reforms in emerging markets who, while willing participants in the reform process, have so far not been actively engaged in the global debate, perhaps since their financial systems are fundamentally different.

Keywords

Euro Zone Single Supervisor Mechanism Federal Deposit Insurance Corporation Shadow Banking Proprietary Trading 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Indian Council for Research on International Economic Relations 2016

Authors and Affiliations

  1. 1.Planning and Economic Affairs, Member Secretary State Planning Board, Special Representative in New Delhi for Union Finance Ministry and Niti Ayog, Government of KeralaNew DelhiIndia

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