Regulation of Financial Markets: A Focused Approach

13 Pages Posted: 17 Jul 2015

See all articles by Hans R. Stoll

Hans R. Stoll

Vanderbilt University - Finance

Date Written: 1998

Abstract

A new approach and a new mind-set are needed for the regulation of financial markets. Under our existing trajectory, regulation will become inefficient, unwieldy, and too costly as it attempts to deal with an ever–more complex financial system. Regulators ought to focus on what needs to be regulated, not simply on expanding regulatory oversight. Implicit in this mind-set is the idea that not everything must be regulated. A focused approach to regulation would separate what is regulated from what is not. Examples of how regulation can be more narrowly focused are given for banking, for securities markets, and for futures markets

Keywords: bank regulation, financial regulation, offshore offerings, Security and Exchange Commission

JEL Classification: G18, G28, G38

Suggested Citation

Stoll, Hans R., Regulation of Financial Markets: A Focused Approach (1998). Multinational Finance Journal, Vol. 2, No. 2, p. 87–99, 1998, Available at SSRN: https://ssrn.com/abstract=2631518

Hans R. Stoll (Contact Author)

Vanderbilt University - Finance ( email )

401 21st Avenue South
Nashville, TN 37203
United States
615-322-3671 (Phone)
615-343-7177 (Fax)

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