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What Kind of Financial Regulation for the 21st Century?

2 Pages Posted: 23 Mar 2012  

Eric Pichet

KEDGE Business School

Date Written: March 19, 2012

Abstract

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).

Keywords: corporate governance, financial regulation, financial crisis, independent director

JEL Classification: G11, G12, G15

Suggested Citation

Pichet, Eric, What Kind of Financial Regulation for the 21st Century? (March 19, 2012). Available at SSRN: https://ssrn.com/abstract=2026924 or http://dx.doi.org/10.2139/ssrn.2026924

Eric Pichet (Contact Author)

KEDGE Business School ( email )

Domaine de Luminy - BP 921
BP 921
Marseille, PACA 13288
France

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