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Panel comments


  • Davies, Howard


We need to beware of over-reaction, for example not to revise the UK tripartite MOU to indicate excessive future support for banks, nor to rush to rearrange regulatory structures. On pay and incentive structures, shareholders should play a greater role. On securitisation, in the short run market discipline will suffice; in the longer term, all the players, risk managers, regulators, accountants, etc., will just have to be tougher and more savvy.

Suggested Citation

  • Davies, Howard, 2008. "Panel comments," Journal of Financial Stability, Elsevier, vol. 4(4), pages 364-367, December.
  • Handle: RePEc:eee:finsta:v:4:y:2008:i:4:p:364-367

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    References listed on IDEAS

    1. Demirguc-Kunt, Asli & Detragiache, Enrica, 2002. "Does deposit insurance increase banking system stability? An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1373-1406, October.
    2. Asli Demirguc-Kunt & Edward J. Kane, 2002. "Deposit Insurance Around the Globe: Where Does It Work?," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 175-195, Spring.
    3. Aggarwal, Raj & Jacques, Kevin T., 2001. "The impact of FDICIA and prompt corrective action on bank capital and risk: Estimates using a simultaneous equations model," Journal of Banking & Finance, Elsevier, vol. 25(6), pages 1139-1160, June.
    4. Christopher J. Pike & James B. Thomson, 1992. "FDICIA's prompt corrective action provisions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Sep.
    5. Demirguc-Kunt, Asli & Huizinga, Harry, 2004. "Market discipline and deposit insurance," Journal of Monetary Economics, Elsevier, vol. 51(2), pages 375-399, March.
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