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Financial Regulatory Reform after the Crisis: An Assessment

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  • Duffie, Darrell

    (Stanford University)

Abstract

This is a survey of progress with the postcrisis global (G20) reform of the financial system, in five key areas of new regulation: (1) making financial institutions more resilient; (2) ending “too-big-to-fail”; (3) making derivatives markets safer; (4) transforming shadow banking; and (5) improving trade competition and market transparency. The resiliency reforms, particularly bank capital regulations, have been increasingly successful in improving financial stability, but have been accompanied by some reduction in secondary-market liquidity. I review specific areas where reforms are far from complete, or have even been counterproductive.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Duffie, Darrell, 2016. "Financial Regulatory Reform after the Crisis: An Assessment," Research Papers 3440, Stanford University, Graduate School of Business.
    • Handle: RePEc:ecl:stabus:3440
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