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Financial crisis: which lessons for the supervisory authorities?

Author

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  • Gualandri Elisabetta

    (Università di Modena e Reggio Emilia)

Abstract

The financial crisis showed all the weakness of laws currently established and national supervisory fragmented frameworks not still applicable with the global dimension of financial markets and the cross border / sector activities of financial groups that can allow regulatory arbitrage. Is there any starting point for the change? Nowadays international supervisory institutions exist but there is a lack of representativeness and legitimating that can reduce the effectiveness of actions proposed

Suggested Citation

  • Gualandri Elisabetta, 2008. "Financial crisis: which lessons for the supervisory authorities?," BANCARIA, Bancaria Editrice, vol. 10, pages 3-15, October.
    • Handle: RePEc:ban:bancar:v:10:y:2008:m:october:p:3-15
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1668/bancaria-n-10-2008
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    More about this item

    Keywords

    financial crisis; supervisory authorities; supervisory rules;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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