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An overall perspective on banking regulation

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  • Xavier Freixas
  • Anthony M. Santomero

Abstract

Recently, the theory of banking regulation has undergone important changes. This has been the consequence of a number of compounding effects that have been occurring in the financial sector. First among these is on-going financial innovation, which has caused a virtual revolution in both financial instruments and markets. As a result, the markets and institutions that must be regulated have changed substantially over time. At the same time, regulation has evolved, as the regulators have learned the lessons from the recent spat of banking crises. As a consequence of these experiences, regulation has become more sophisticated, with the introduction of capital requirements and more complex restrictions on operating procedures.

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Paper provided by Federal Reserve Bank of Philadelphia in its series Working Papers with number 02-1.

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Date of creation: 2002
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Handle: RePEc:fip:fedpwp:02-1

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Keywords: Banks and banking;

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Cited by:
  1. Cuoco, Domenico & Liu, Hong, 2006. "An analysis of VaR-based capital requirements," Journal of Financial Intermediation, Elsevier, Elsevier, vol. 15(3), pages 362-394, July.
  2. Adrian POP, 2005. "La Politique de Dette Subordonnée comme alternative au IIIè Pilier de Bâle II : est-elle faisable?," Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) 2005023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  3. Tortosa-Ausina, Emili & Grifell-Tatje, Emili & Armero, Carmen & Conesa, David, 2008. "Sensitivity analysis of efficiency and Malmquist productivity indices: An application to Spanish savings banks," European Journal of Operational Research, Elsevier, Elsevier, vol. 184(3), pages 1062-1084, February.
  4. Mery Cecilia Guzmán Delgado, 2008. "Administración del riesgo de crédito en los establecimientos de crédito: comparación crítica del estándar internacional y su implementación," ARCHIVOS DE ECONOMÍA, DEPARTAMENTO NACIONAL DE PLANEACIÓN 005120, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
  5. Benjamin Lorent, 2006. "Raisons fondamentales d'une régulation prudentielle du secteur des assurances," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, ULB -- Universite Libre de Bruxelles, vol. 49(3), pages 203-244.
  6. Anton, Sorin Gabriel & Avadanei, Andreea, 2010. "The implications of European retail banking integration on small and medium-sized enterprises financing. An overview," MPRA Paper 28660, University Library of Munich, Germany.

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