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Theories of Financial Regulation

Theories of Financial Regulation

Copyright: © 2014 |Pages: 15
ISBN13: 9781466659506|ISBN10: 1466659505|EISBN13: 9781466659513
DOI: 10.4018/978-1-4666-5950-6.ch001
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MLA

Siqiwen Li. "Theories of Financial Regulation." Emerging Trends in Smart Banking: Risk Management Under Basel II and III, IGI Global, 2014, pp.1-15. https://doi.org/10.4018/978-1-4666-5950-6.ch001

APA

S. Li (2014). Theories of Financial Regulation. IGI Global. https://doi.org/10.4018/978-1-4666-5950-6.ch001

Chicago

Siqiwen Li. "Theories of Financial Regulation." In Emerging Trends in Smart Banking: Risk Management Under Basel II and III. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-5950-6.ch001

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Abstract

There has been a long-standing debate about the pros and cons of two modes of financial regulation: command and control and self-regulation. These two regulatory modes have been favored by policy-makers and the dominant regulatory theories for decades in developed economies such as US, UK, and Australia. The design of financial regulations, consequently, has oscillated between these two modes during the pre-deregulation and financial deregulation periods in those developed economies. However, a third regulatory approach aimed at maintaining financial stability, which is the vital issue during post-GFC period, is introduced to policy-makers and a broad swath of other constituencies in this chapter.

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