Prudential Regulation and Supervision Instruments and Aims: A General Framework
Financial Market Regulation in the Wake of Financial Crises: The Historical Experience Conference p. 243, 2009
9 Pages Posted: 8 Jul 2012
Date Written: April 16, 2009
The aim of the present note is to outline a general, but at the same time comprehensive, framework of the array of instruments that regulators can use in their activity of prudential regulation and supervision. Such a framework should be applicable to a variety of geographical and historical contexts and should aid cross-country and temporal comparisons concerning regulation activity. It is an extension and a reorganization of White's (2009) categorization, which in turn is built on Mishkin's (2001) work. The novelty of the resulting framework is a clear distinction between the tools, the aims and the institutional setting of prudential regulation.
JEL Classification: G18, G28, G38
Suggested Citation: Suggested Citation