Reforming Regulation and Supervision in Europe: Five Missing Lessons from the Financial Crisis

Reforming Regulation and Supervision in Europe: Five Missing Lessons from the Financial Crisis

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Reforming Regulation and Supervision in Europe: Five Missing Lessons from the Financial Crisis

Financial regulation and supervision must change. Everybody agrees about that. But which is the state of the art? Both in the EU and the US reform proposals have been outlined. In order to be effective, such proposals should heed the lessons of the financial crisis, especially when it comes to the design of rules.

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