Monday, September 30, 2013

Avoiding International Financial Crises, an Incomplete Reform Agenda

DERMINE Jean
Avoiding International Financial Crises, an Incomplete Reform Agenda  in Global Asset Management: Strategies, Risks, Processes, and Technologies (2013)

After a brief review of the origin of the subprime crisis, we argue that the set of reforms  proposed recently by  national and international groups to reduce the risk of global banking crises needs to be completed. Three important issues remain, in our opinion, to be addressed:


- Accountability of bank supervisors and regulators
- An end to the too-big-to fail doctrine
- A satisfactory regime for the supervision of international financial groups.