Achieving Financial Stability: Challenges To Prudential Regulation

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Financial Crisis
Financial Instititions
Financial Stability
Great Financial Crisis 2008
International Banking
Macroprudential
Microprudential
Money and Banking
Regulations

Product details

  • ISBN 9789813223394
  • Publication Date: 16 Nov 2017
  • Publisher: World Scientific Publishing Co Pte Ltd
  • Publication City/Country: SG
  • Product Form: Hardback
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The Great Financial Crisis of 2007-2010 exposed the existence of significant imperfections in the financial regulatory framework that encouraged excessive risk-taking and increased system vulnerabilities. The resulting high cost of the crisis in terms of lost aggregate income and wealth, and increased unemployment has reinforced the need to improve financial stability within and across countries via changes in traditional microprudential regulation, as well as the introduction of new macroprudential regulations. Amongst the questions raised are: