Financial Regulation

Still Unsettled a Decade After the Crisis

Datos Bibliográficos

ID4029326
AutoresDaniel K Tarullo (Daniel K. Tarullo is Professor of Law, Georgetown University, Washington, DC, and Visiting Professor of Law, Harvard Law School, Cambridge, Massachusetts. From 2009 to 2017, he was a member of the Board of Governors of the Federal Reserve, Washington, DC, where he served as oversight Governor for Supervision and Regulation. His email address is, autor de correspondencia)
Año2019
Volumen33
Número1
Páginas61-80
Fecha de publicación2019-02-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Journal of Economic Perspectives (JOURNAL)
Identificadores de la revistaISSN: 0895-3309 • E-ISSN: 1944-7965
EditorialAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.33.1.61
OpenAlexW2912342574
IdiomaEN
Citas recibidas6
Referencias citadas4

A decade after the darkest moments of the financial crisis, both the US financial system and the legal framework for its regulation are still in flux. The post-crisis regulatory framework has made systemically important banks much more resilient. They are substantially better capitalized and less dependent on runnable short-term funding. But the current regulatory framework does not deal effectively with threats to financial stability outside the perimeter of regulated banking organizations, notably from forms of shadow banking. Moreover, with the political tide having for the moment turned decisively toward deregulation, there is some question whether the resiliency improvements of the largest banks will be preserved. This article assesses the accomplishments, unfinished business, and outstanding issues in the post-crisis approach to prudential regulation

Business · Deregulation · Economics · Financial crisis · Financial regulation · Financial stability · Financial system · Macroeconomics · Macroprudential regulation · Market economy · Political science · Politics · Prudential regulation · Shadow banking system · Systemic risk · Banking stability, regulation, efficiency · Global Financial Regulation and Crises · Insurance and Financial Risk Management · Law · Finance