IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Reformen der nationalen und internationalen Finanzarchitektur

Listed author(s):
  • Hannes Rehm

    (Sprecher des Leitungsausschusses der Bundesanstalt für Finanzmarktstabilisierung (FMSA), Frankfurt/M., Präsident der Industrie- und Handels- kammer Hannover, Schiffgraben 49, D-30175 Hannover)

Registered author(s):

    This article starts with an examination of the regulatory policy requirements to be met by a financial architecture which takes account of changes in market conditions and in the behavior of market actors. The analysis focuses on the starting points of a macro prudential banking supervision system permitting early identification of systemic risks as well as on an evaluation of the instruments appropriate for counteracting such risks. In this connection, the article discusses concepts for raising the ability to bear risks, limiting refinancing risks as well as for possibilities to avoid regulatory arbitrage in „shadow banking systems“. Finally, basic concepts are introduced designed to prevent the regulatory policy-makers, who bear responsibility for the functioning ability of the banking system, from being confronted with continuous blackmail by the banking industry, but who are able to ensure an orderly market exit of the respective credit institution at the expense of its owners and creditors in the event of any financial distress threatening the existence of the institution and even the whole system. In this context, the instruments of the German restructuring act are appreciated. In spite of everything, it must be expected that the speed of regulatory action in the large industrial states will continue to be different in the medium term. In this connection, the need is not so much for additional regulatory points of detail, but for a total concept. Regulatory policies in banking come to their limits where the intended objectives are not supported by correspondingly oriented behaviors of bank managers themselves.

    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.

    Article provided by Credit and Capital Markets in its journal Kredit und Kapital.

    Volume (Year): 44 (2011)
    Issue (Month): 3 ()
    Pages: 317-338

    in new window

    Handle: RePEc:kuk:journl:v:44:y:2011:i:3:p:317-338
    Contact details of provider: Web page:

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

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

    When requesting a correction, please mention this item's handle: RePEc:kuk:journl:v:44:y:2011:i:3:p:317-338. 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: (Credit and Capital Markets)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.