Ending the Confusion over the Role of Financial Regulators
richardfield.substack.com
What purpose or purposes are financial regulators fit for? This questions was never asked during or after the 2008 acute stage of the Great Financial Crisis. Rather, policymakers around the world assumed financial regulators could prevent everything from fraud to another financial crisis. Under this assumption, policymakers passed legislation like the Dodd-Frank Act in the US that greatly expanded the financial regulators’ proactive role.
Ending the Confusion over the Role of Financial Regulators
Ending the Confusion over the Role of…
Ending the Confusion over the Role of Financial Regulators
What purpose or purposes are financial regulators fit for? This questions was never asked during or after the 2008 acute stage of the Great Financial Crisis. Rather, policymakers around the world assumed financial regulators could prevent everything from fraud to another financial crisis. Under this assumption, policymakers passed legislation like the Dodd-Frank Act in the US that greatly expanded the financial regulators’ proactive role.