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Banking 3.0—Designing financial regulation systems: The case for simple rules

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  • Pakravan, Karim

Abstract

In the past quarter century, financial innovation and deregulation have increasingly pushed the banks into shadow banking, magnifying the risks and leaving the regulators bereft of the tools needed to analyze and manage an increasingly complex and interconnected system. The purpose of the new regulatory process should be to return banks their intermediation function. However, the system has to focus on simplicity, and its purpose has to be to promote effective risk management, transparency and accountability by changing incentives without burdening the banking system with crippling capital and regulatory requirements.

Suggested Citation

  • Pakravan, Karim, 2011. "Banking 3.0—Designing financial regulation systems: The case for simple rules," Global Finance Journal, Elsevier, vol. 22(3), pages 232-237.
    • Handle: RePEc:eee:glofin:v:22:y:2011:i:3:p:232-237
    DOI: 10.1016/j.gfj.2011.10.013
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    References listed on IDEAS

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    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
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    More about this item

    Keywords

    Banking regulation; Capital rules; Basel-II; Basel-III;
    All these keywords.

    JEL classification:

    • 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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