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Macroprudential and Financial Regulation
[Makroobezřetnostní dohled a finanční regulace]

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Listed:
  • Jiří Rajl

Abstract

The paper describes the different models of organization of the financial supervision in the financial market and assesses their use. Supervision in the Czech Republic has undergone its own development, thanks to which we have witnessed both sectoral organization of the financial supervision and also its centralization under the Czech National Bank, which currently declares the shift of the model to the functional model with an emphasis on preserving and maintaining financial market stability. The post-crisis period has seen many changes under the EU supervision, reflected in particular on creating new supervisory authorities. Assessing these changes are accompanied by a self-regulatory initiatives of individual financial market participants, with an emphasis on pointing out the individual needs of clients of banks and financial institutions.

Suggested Citation

  • Jiří Rajl, 2016. "Macroprudential and Financial Regulation [Makroobezřetnostní dohled a finanční regulace]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2016(4), pages 63-82.
    • Handle: RePEc:prg:jnlcfu:v:2016:y:2016:i:4:id:486:p:63-82
    DOI: 10.18267/j.cfuc.486
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    References listed on IDEAS

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    1. Shleifer, Andrei & Vishny, Robert W., 2010. "Unstable banking," Journal of Financial Economics, Elsevier, vol. 97(3), pages 306-318, September.
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    3. Samuel G. Hanson & Anil K. Kashyap & Jeremy C. Stein, 2011. "A Macroprudential Approach to Financial Regulation," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 3-28, Winter.
    4. Lombardi, Domenico & Siklos, Pierre L., 2016. "Benchmarking macroprudential policies: An initial assessment," Journal of Financial Stability, Elsevier, vol. 27(C), pages 35-49.
    5. Frederic S. Mishkin, 2011. "Over the Cliff: From the Subprime to the Global Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 49-70, Winter.
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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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