From regulation to over-regulation and back - How to break the vicious circle
As I collected papers on the subject of regulation in order to prepare this article, I was struck by the number of regulatory projects that have become reality over the past twelve months in Switzerland. Mentioning this fact to a well-known lawyer, he answered: ‘That’s life! Nothing can be done about it. Although they keep moaning, banks get used to it, don’t they?’ In a way, he was probably right: regulation rarely drives banks out of business. But I still thought that his comment was too optimistic. Do banks really get used to endless new regulations? If this were the case, why would the chairman of HSBC keep complaining about the huge regulatory costs incurred by his group? Why would the head of ING talk about ‘regulatory fatigue’ as he recently did in the Financial Times?1 Clearly, this is not only a burden for small banks but also for big ones. Perhaps regulation is a bit like a chronic illness: one lives with it, but it ruins one’s quality of life! Taking Swiss private banking as an example, this paper will explore how to break free from the vicious circle of ever-growing regulation.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
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.
Volume (Year): 15 (2005)
Issue (Month): ()
|Contact details of provider:|| Postal: 77 Water Street, 10th Floor, New York NY 10005|
Phone: +1 212 284 8600
Web page: http://www.capco.com/
When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:0951. 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: (Prof. Shahin Shojai)
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.