Global

Details

  • Industry: Financial Services, Capital Markets, Banking
  • Type: Regulatory update, White paper
  • Date: 5/28/2013

Regulators and politicians 

Regulators and politicians
Regulators should take proper account of the cumulative impact of their multiple reform initiatives, and of the uncertainty surrounding the many unfinished parts of the regulatory agenda.

Regulators should also be more sensitive to the impact of regulation on the wider economy; recognise that banking is a risk business, and that future failures will occur; and focus more on the possible sources of the next crisis rather than plugging all the holes exposed by the last crisis. Finally, many politicians should recognise the importance of finance as a contributor to and facilitator of economic growth, and to be more realistic about what regulation can achieve and its impact on the wider economy.

 

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Download Moving on - The scope for better regulation in banking