Regulatory Design

The Global Financial Crisis has demonstrated the limits of debates over privileging rules over principles or vica-versa. Effective regulatory design necessitates a pro-active interaction between rules, principles and social norms in order to determine that stated values actually inform practice. This series examines the impact of the GFC on regulatory design.

International Monetary Fund Working Paper on Bank Funding Structures and Risk

There are systematic differences between the vulnerabilities of different types of banks, according to a new working paper published by the International Monetary Fund.

Originally Published:

Thursday, January 26, 2012

International Monetary Fund Releases Working Paper on Bank Capital Adequacy in Australia

A new working paper published by the International Monetary Fund indicates that Australia’s conservative approach to the implementation of Basel II has resulted in high quality capital at good levels, suggesting that they are well-positioned to meet the Basel III standards on both capital and liquid

Originally Published:

Tuesday, January 24, 2012

International Monetary Fund Working Paper Argues That Credit Rating Agencies Influence the Market

The International Monetary Fund has argued in a new working paper that credit rating agencies do not just lag the market, but actually influence the market.

Originally Published:

Monday, January 23, 2012

Bank for International Settlements Releases Conference Papers on the Relationship Between Financial Regulation and Growth

The Bank for International Settlements has released a collection of 10 papers from a conference held in November 2011 on the relationship between financial regulation and growth, equity and stability.

Originally Published:

Thursday, January 12, 2012

Commodity Futures Trading Commissioner Argues “Volcker Rule” Rework Warranted

The Commissioner of the Commodity Futures Trading Commission, Scott O’Malia, argued that the Volcker Rule is too complex, and may fall short of providing an appropriate foundation for a rigorous and reliable rulemaking process.

Originally Published:

Wednesday, January 11, 2012

Basel Committee on Banking Supervision Consults on Own Credit Risk Adjustments

The Basel Committee on Banking Supervision has released a consultation paper which sets out their approach to addressing the Basel III credit risk adjustment requirements.

Originally Published:

Wednesday, December 21, 2011

OECD Argues that Capital Requirements Based on Risk Weightings Will Encourage Regulatory Circumvention

The Organisation for Economic Cooperation and Development has released a working paper which argues that the use of risk-weights will encourage regulatory circumvention.

Originally Published:

Friday, December 16, 2011

Austerity In, Euro Out – Is This Greece’s future?

Originally Published:

Thursday, March 1, 2012

Greece has a tough road ahead of it. The austerity policies being demanded by the EU and IMF are going to shrink the economy and thus make servicing a reduced debt load tremendously difficult.

Little Value in Bankrupt Ideology of Share Price

Originally Published:

Friday, March 2, 2012

Lynn Stout of UCLA Law School says It's time to recognise shareholder value ideology is just that - an ideology, not a legal requirement or a practical necessity of modern business life.

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Regulatory Design

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