Advanced Search
MyIDEAS: Login to save this article or follow this journal

From regulation to over-regulation and back - How to break the vicious circle

Contents:

Author Info

  • Dérobert, Michel Y.

    ()
    (Swiss Private Bankers Association)

Registered author(s):

    Abstract

    As I collected papers on the subject of regulation in order to prepare this article, I was struck by the number of regulatory projects that have become reality over the past twelve months in Switzerland. Mentioning this fact to a well-known lawyer, he answered: ‘That’s life! Nothing can be done about it. Although they keep moaning, banks get used to it, don’t they?’ In a way, he was probably right: regulation rarely drives banks out of business. But I still thought that his comment was too optimistic. Do banks really get used to endless new regulations? If this were the case, why would the chairman of HSBC keep complaining about the huge regulatory costs incurred by his group? Why would the head of ING talk about ‘regulatory fatigue’ as he recently did in the Financial Times?1 Clearly, this is not only a burden for small banks but also for big ones. Perhaps regulation is a bit like a chronic illness: one lives with it, but it ruins one’s quality of life! Taking Swiss private banking as an example, this paper will explore how to break free from the vicious circle of ever-growing regulation.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by Capco Institute in its journal Journal of Financial Transformation.

    Volume (Year): 15 (2005)
    Issue (Month): ()
    Pages: 70-75

    as in new window
    Handle: RePEc:ris:jofitr:0951

    Contact details of provider:
    Postal: 120 Broadway, 29th Floor New York, NY 10271
    Phone: +1 212 284 8600
    Email:
    Web page: http://www.capco.com/

    Related research

    Keywords: regulation; over-regulation; EU; Switzerland; banks; legislation;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:0951. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Springett).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.