Regulating Risk: A Measured Response to the Banking Crisis
(2008)
Journal Article
McIlroy, D. H. (2008). Regulating Risk: A Measured Response to the Banking Crisis. Journal of Banking Regulation, 9(4), 284-292. https://doi.org/10.1057/jbr.2008.15
This paper argues that regulatory responses to the sub-prime crisis ought to be guided by the fundamental principle that bank regulation is justified by the adverse consequences of banks taking excessive risks. It therefore proposes three reforms: r... Read More about Regulating Risk: A Measured Response to the Banking Crisis.