Footnotes (19)



How the Obama Administration should Regulate the Financial Sector

Michael Solender

Yale University - Law School

February 26, 2009

Yale Law & Economics Research Paper No. 376

The Obama Administration will be looking to the financial regulatory apparatus to prevent future economic crises like the one the country is experiencing right now. This is a very ambitious objective to impose on any regulator. Much ink has been spilled in addressing how the financial regulatory apparatus should be constructed going forward. The focus has been on consolidating the multiple agencies with overlapping jurisdictions that oversee the financial services industry. Whatever their final form, we can identify certain key attributes these ultimate financial regulators should have to give them at least some hope of doing the proactive, forward-looking thinking the Administration will need them to perform: the right people at the agencies, enough access to the institutions they regulate, enough information from those institutions to know what is happening, an internal brain trust to analyze and assess that information, and a rapid reaction team to respond to financial emergencies.

Number of Pages in PDF File: 11

Keywords: Banking Regulation, Financial Regulation

JEL Classification: K22, K23, G21, G28

Open PDF in Browser Download This Paper

Date posted: February 26, 2009 ; Last revised: March 20, 2009

Suggested Citation

Solender, Michael, How the Obama Administration should Regulate the Financial Sector (February 26, 2009). Yale Law & Economics Research Paper No. 376. Available at SSRN: http://ssrn.com/abstract=1350005 or http://dx.doi.org/10.2139/ssrn.1350005

Contact Information

Michael Solender (Contact Author)
Yale University - Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
Feedback to SSRN

Paper statistics
Abstract Views: 1,152
Downloads: 245
Download Rank: 83,753
Footnotes:  19

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.391 seconds