IDEAS home Printed from https://ideas.repec.org/a/bfr/fisrev/2009132.html
   My bibliography  Save this article

Managing the transition to a safer financial system

Author

Listed:
  • Bair, S C.

Abstract

The current financial crisis demonstrates the need for changes in the supervision and resolution of financial institutions, especially those that are systemically important to the financial system. The challenge is to find ways to impose greater market discipline on these firms by giving them incentives to reduce their size and complexity through capital standards, leverage limits, systemic risk insurance premia and other measures. Foremost in the reform agenda is the need for a special legal framework to ensure the orderly resolution of a complex financial institution. There must also be incentives to protect consumer interests, as there can no longer be any doubt that abusive products and practices pose threats to the safety and soundness of the financial system.

Suggested Citation

  • Bair, S C., 2009. "Managing the transition to a safer financial system," Financial Stability Review, Banque de France, issue 13, pages 11-22, September.
    • Handle: RePEc:bfr:fisrev:2009:13:2
    as

    Download full text from publisher

    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/financial-stability-review-13_2009-09.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2013. "Policy in adaptive financial markets—the use of systemic risk early warning tools," Working Papers (Old Series) 1309, Federal Reserve Bank of Cleveland.
    2. Iustina Alina BOITAN & Nicolae DARDAC, 2010. "Banking Crises’ Triggering Factors – Lessons from Past Experience," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-33.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bfr:fisrev:2009:13:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael brassart (email available below). General contact details of provider: https://edirc.repec.org/data/bdfgvfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.