regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

regulation, recovery and resolution, and risk culture. …

This paper examines capital adequacy regulation in Germany. After a short overview about financial regulation in … Germany in general, the paper focuses on the most important development in the area of capital adequacy regulation from the … models for financial regulation is problematic. Finally, some suggestions of how the problems could be addressed are given. …

multilateral organizations (IMF, World Bank, IIF, OECD, etc.) have grossly failed to strengthen the global financial system by … preventing the recurrence of banking and financial crises, mitigating massive costs to the world economies, and safeguarding the …