Financial Regulation

Still Unsettled a Decade After the Crisis

Dados 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 correspondente)
Ano2019
Volume33
Fascículo1
Páginas61-80
Data de publicação2019-02-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Journal of Economic Perspectives (JOURNAL)
Identificadores do periódicoISSN: 0895-3309 • E-ISSN: 1944-7965
EditoraAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.33.1.61
OpenAlexW2912342574
IdiomaEN
Citações recebidas6
Referências 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