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Trois ans après : la tâche inachevée de la réforme financière

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  • Paul A. Volcker

Abstract

In this article, Paul Volcker, one of the principle architects behind the regulatory response and financial reform legislation in the United States, outlines the remaining reforms necessary to complete the structural changes to the US financial system. Specifically, he directs governments and central banks to move to adopt international accounting standards, increase competition among credit rating agencies, and finalize policies to end ?too big to fail.? The article stresses that the reform effort is incomplete and structural change is necessary. Classification JEL: E58, G01, G21, G28.

Suggested Citation

  • Paul A. Volcker, 2012. "Trois ans après : la tâche inachevée de la réforme financière," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 319-332.
  • Handle: RePEc:cai:refaef:ecofi_105_0319
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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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