What Kind of Financial Regulation for the 21st Century?
KEDGE Business School
March 19, 2012
The collapses of major financial institutions during the latest crisis have 5 common causes both internal (authoritarian leader, failing on internal governance system, use of leverage) or external (access to cheap short-term funding, regulators nonchalance). The lessons to be drawn are an improvement in internal governance with Board of directors really competent and independent from the leader, and a better regulation which doesn’t mean an overregulation (the more obvious risk in 2012).
Number of Pages in PDF File: 2
Keywords: corporate governance, financial regulation, financial crisis, independent director
JEL Classification: G11, G12, G15working papers series
Date posted: March 23, 2012
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo5 in 0.359 seconds