Practical policy analysis of financial regulation
Financial regulation is usually justified by pointing to market imperfections that the regulation seeks to address. Yet all real-world markets are imperfect and the welfare costs arising from these imperfections create strong incentives for market participants to devise their own solutions. Government/regulatory intervention to address market imperfections is only worthwhile if the regulatory solution can: first, enhance and/or replace the market solution; and second, do so in a cost-effective manner. This seminar provides financial regulators with a structured way of thinking through these issues.
|Event dates:||2009-10-12 – 2009-10-16|
|Organizer:||Centre for Central Banking Studies (CCBS), Bank of England|
|Classification:||G1 - General Financial Markets ; G2 - Financial Institutions and Services|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|