The global financial crisis has highlighted the need to regulate and monitor risk allocation at the macro level. Therefore, in the aftermath of the worldwide turmoil, the international financial regulatory framework has been reformed adopting a new approach to financial regulation and supervision. This approach takes account the regulatory objective of “financial stability” from a macro-prudential perspective concerning the financial system as a whole, namely intended as “systemic stability”.
Salerno, M.E. (2015). The Renewed Objectives of Financial Regulation after the Global Financial Crisis. JOURNAL OF INTERNATIONAL BANKING LAW AND REGULATION, 30(6), 315-324.
The Renewed Objectives of Financial Regulation after the Global Financial Crisis
SALERNO, MARIA ELENA
2015-01-01
Abstract
The global financial crisis has highlighted the need to regulate and monitor risk allocation at the macro level. Therefore, in the aftermath of the worldwide turmoil, the international financial regulatory framework has been reformed adopting a new approach to financial regulation and supervision. This approach takes account the regulatory objective of “financial stability” from a macro-prudential perspective concerning the financial system as a whole, namely intended as “systemic stability”.
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https://hdl.handle.net/11365/977993