Abstract
This crisis has exposed fault lines in regulation. The previous system allowed the build-up in the so-called shadow banking system as well as on-balance sheet leverage in financial firms, particularly the systemically relevant firms at the heart of the financial system. This contributed to the financial crisis. And, when the crisis struck, the capital and liquidity demanded by the previous system proved insufficient. This magnified the financial crisis.
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© 2010 Thomas F. Huertas
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Huertas, T.F. (2010). Better Regulation. In: Crisis: Cause, Containment and Cure. Palgrave Macmillan, London. https://doi.org/10.1057/9780230277434_10
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DOI: https://doi.org/10.1057/9780230277434_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31433-1
Online ISBN: 978-0-230-27743-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)