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Regulation of Financial Markets: A Focused Approach

Author

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  • Hans R. Stoll

    (Vanderbilt University, U.S.A.)

Abstract

A new approach and a new mind-set are needed for the regulation of financial markets. Under our existing trajectory, regulation will become inefficient, unwieldy, and too costly as it attempts to deal with an ever–more complex financial system. Regulators ought to focus on what needs to be regulated, not simply on expanding regulatory oversight. Implicit in this mind-set is the idea that not everything must be regulated. A focused approach to regulation would separate what is regulated from what is not. Examples of how regulation can be more narrowly focused are given for banking, for securities markets, and for futures markets

Suggested Citation

  • Hans R. Stoll, 1998. "Regulation of Financial Markets: A Focused Approach," Multinational Finance Journal, Multinational Finance Journal, vol. 2(2), pages 87-99, June.
    • Handle: RePEc:mfj:journl:v:2:y:1998:i:2:p:87-99
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    References listed on IDEAS

    as
    1. Roberta Romano, 1998. "Empowering Investors: A Market Approach to Securities Regulation," Yale School of Management Working Papers ysm74, Yale School of Management.
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    More about this item

    Keywords

    bank regulation; financial regulation; offshore offerings; Security and Exchange Commission;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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