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Article
Post-crisis financial reform: where do we stand?
Journal of Financial Regulation and Compliance (2011)
  • John Thornton
  • Alessandro Giustiniani, International Monetary Fund
Abstract
The financial reform agenda is broad, ranging from strengthening prudential regulation; to enhancing supervision; from mitigating pro-cyclicality to integrating micro- and macro-prudential oversight; from reducing the systemic risk associated with large and complex financial institutions to expanding resolution process and fortifying financial market structure. Reforms are proceeding slowly but important building blocks have been laid down, such as Basel III; other difficult reforms are in the making, such as the resolution framework for cross-border financial institutions or how to deal with systemically important financial institutions. This paper presents an analytical survey of recent developments.
Publication Date
2011
Citation Information
John Thornton and Alessandro Giustiniani. "Post-crisis financial reform: where do we stand?" Journal of Financial Regulation and Compliance Vol. 19 Iss. 4 (2011)
Available at: http://works.bepress.com/john_thornton/28/