Transparency Of Financial Regulation

Title

Transparency Of Financial Regulation

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Description

This chapter explores the concept of transparency in financial regulation from the perspective of the public. It looks at the role of risk assessment in transparency and the regulatory environment as well as the importance of pluralism in competition in the financial sector. The chapter first considers the meaning of “transparency of financial regulation” and its relation to simplicity. It then traces the progression of the Basel capital adequacy framework from Basel I to Basel III, along with the sources of lack of transparency in the framework. It also presents data showing the lack of transparency in the Basel Capital Accord and countries’ regulatory responses to the global financial crisis. Differences in the implementation of regulation regarding systemically important financial institutions are outlined. Finally, it discusses recent proposals for the separation or separability of financial activities with the goal of enhancing the transparency of banks’ activities for both market participants and resolution authorities.

ISBN

9780199917693

Publication Date

2014

Publisher

Oxford University Press

City

Oxford, UK

Keywords

Economics, Financial Markets, Public Economics, Banks, Basel Capital Accord, Capital Adequacy, Competition, financial Crisis, Transparency

Disciplines

Banking and Finance Law | Finance and Financial Management

Comments

In The Oxford Handbook Of Economic And Institutional Transparency. Dr. Wihlborg's chapter begins on page 258.

Peer Reviewed

1

Copyright

Oxford University Press

Transparency Of Financial Regulation

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