Time to Set Banking Regulation Right
Publisher: Brookings Institution Press
Published: 2013
Language: eng
Number of pages: 74
ISBN-13: 9789461381750
Subjects: Banking law, europe; Banks and banking, europe
Description: Leverage and risk taking by large international banks were the main causes of the 2008-09 financial crisis and the ensuing sharp drop in economic activity and employment. The author proposes the calculation of capital requirements without risk adjustment and creation of a system of mandated action by supervisors modeled on the US framework.