Seven Pillars of Wisdom
AbstractThe persistence of financial instability calls into question the adequacy of the current regulatory regime. A critical review of the three pillars at the core of current financial regulation exposes some structural flaws. Four new pillars are proposed and compared with measures proposed to shore up the current financial architecture.
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Bibliographic InfoPaper provided by The Rimini Centre for Economic Analysis in its series Professional Reports with number 03_10.
Date of creation: Jan 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-04 (All new papers)
- NEP-BAN-2010-12-04 (Banking)
- NEP-REG-2010-12-04 (Regulation)
- NEP-RMG-2010-12-04 (Risk Management)
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