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Domenico Siniscalco,.pdf

2brnl1458662079.pdf

🔗 Source: centesimusannus.org

📊 Size: 938 KB

👤 Author: Siniscalco, Domenico (FM)

⬇️ Downloads: 55

Summary

Domenico Siniscalco discusses whether financial reform entails real change, for whom, by whom, and how, in the context of the 2007-8 financial crisis. He breaks down the financial reform into three stages: stabilizing the financial system, addressing fundamental weaknesses, and implementing new regulatory requirements. The first stage involved recapitalizing banks and providing public guarantees, while the second stage focused on addressing weaknesses such as lack of capital, weak prudential rules, and excessive risk-taking. The third stage, still ongoing, involves implementing new regulations such as the SREP, RWA Inflation, and TLAC. Siniscalco questions whether regulating banks alone can ensure stability, given their crucial role in the financial and economic system, and suggests that a deeper set of questions needs to be discussed.

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Description

Domenico Siniscalco discusses whether financial reform entails real change, for whom, by whom, and how, in the context of the 2007-8 financial crisis.

Technical Information

File Format: PDF
File Size: 938 KB
Pages: 25
Language: EN
Author: Siniscalco, Domenico (FM)
Total Downloads: 55
Last Updated: 1 week ago

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