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The Wallis Inquiry: An Assessment

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  • Colm Kearney

Abstract

The Wallis Report is a substantial document with many useful insights into the workings of the financial system and its interactions with the regulatory and deregulatory process. This article provides a brief review of the Wallis Report. It argues that the Report could have been improved by first, including a more sophisticated evaluation of prior deregulatory experience, second, providing a more thorough explanation of how its recommendations will work in the areas of systemic stability and depositor protection, and third, including recommendations for a formal and rigorous monitoring of he outcomes of the recommended legislative changes.

Suggested Citation

  • Colm Kearney, 1997. "The Wallis Inquiry: An Assessment," The Economic and Labour Relations Review, , vol. 8(2), pages 308-317, December.
    • Handle: RePEc:sae:ecolab:v:8:y:1997:i:2:p:308-317
    DOI: 10.1177/103530469700800208
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