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Which Scope for the Financial and Banking Regulation?

Pierre-Henri Cassou Ancien membre du Comité consultatif bancaire (1984-2001), Group of Experts on Banking Issues (2010-2011). Contact : phcassou@melix.net.


Following the financial crisis, most reforms have been mainly focused on the prudential dimensions. The author highlights that the scope of the rules and of the supervision remains a pending question and that both between European countries and between the EU and the US, the differences are huge. This matter of fact is an obstacle to the efficient development of the financial markets and to the financial stability. Hence, the author advocates for a large widening of the scope of the financial regulation in order to avoid an uncontrolled growth of the shadow banking system.


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Footnotes

1   Document disponible sur le site : www.financialstabilityboard.org/publications/r_101111a.pdf.

2   Document disponible sur le site : www.financialstabilityboard.org/publications/r_101101.pdf.

3   Document disponible sur le site : www.newyorkfed.org/research/staff_reports/sr458.html.

4   Document disponible sur le site : www.bis.org/publ/joint24.pdf.

5   Wyman O. (2011), The Financial Crisis of 2015 : an Avoidable History, rapport présenté au Forum économique mondial 2011 de Davos, janvier.


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